Enjoy complimentary customisation on priority with our Enterprise License!
The infographic below contains key findings from our analysis of the emotional therapy robots market
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Owing to factors such as the growing prevalence of diseases such as cancer, autism, Alzheimer's, and depression, there is an increase in preference towards the adoption of technologies that facilitate emotional support. Supporting technologies may be in the form of companion pets to mobile robot platforms. In the developed countries in regions such as the Americas and EMEA, the high disposable income of individuals and the growing awareness about the utilization of robots for stress-related issues is driving the adoption of these therapeutic robots. With the growing aging population across the globe especially in countries including Japan, Italy, Germany, Singapore, the UK, the US, and Canada, the demand for these robots will subsequently increase in the coming years. The global emotional therapy robots market report predicts the market to grow steadily at a CAGR of more than 37% by 2021.
Artificial intelligence refers to a set of technologies that simulate aspects of human intelligence, such as perception, knowledge, reasoning, and learning. The emergence of artificial intelligence has advanced the scope of robots by enabling them to take decisions without any human interference. Machines are imparted with advanced human cognitive abilities to accurately perform human tasks. Several robot manufacturers are including advanced artificial intelligence into their products to enhance the capability of robots and make them more interactive and assistive for the users. The advancements in artificial intelligence will consequently drive the adoption of emotional therapy robots, fueling the growth of this therapeutic robots market.
The emotional therapy robots market appears to be moderately concentrated with to the presence of a small number of key players. Key robot manufacturers have strong market presence due to their various product offerings and extensive market strategies. Entry of new players in this therapeutic robots market will further add to the diverse product portfolio offered by the vendors. To attain a competitive advantage in this market space, the emotional therapy robots manufacturers are investing in R&D to develop competent and innovative solutions.
According to the emotional therapy robots market research, the leading vendors in the market are
The other vendors in the market are Omron and Sony.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
The stationary emotional therapy robots are extensively adopted for elderly assistance in rehabilitation centers, old age homes, and healthcare centers. The stationary emotional therapy robots segment will account for major share of the emotional therapy robots market owing to their low-cost when compared to mobile robots and their efficiency in reducing the chances of injury and improving the recovery rate of patients.
The Americas will be the major emotional therapy robots market revenue contributor due to the high adoption of emotional therapy robots in healthcare centers, rehabilitation centers, and old age homes. Manufacturers in this therapeutic robots market in the US are increasingly focusing on developing advanced emotional therapy robots to cure neurological disorders such as autism and dementia.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.