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Global Emotional Therapy Robots Market 2017-2021

  • Published: Nov 2017
  • Pages: 76
  • SKU: IRTNTR15579
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The global emotional therapy robots market size will grow to USD 2.47 billion by 2021. This report provides an analysis of the market by product (stationary emotional therapy robots and mobile emotional therapy robots) and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including BeatBots, Hasbro, Interbots, PARO Robots, and Softbank Group.

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Overview of the global emotional therapy robots market

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.

Competitive landscape and key vendors

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

  • BeatBots
  • Hasbro
  • Interbots
  • PARO Robots
  • Softbank Group

The other vendors in the market are Omron and Sony.

 

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Segmentation by product and analysis of the emotional therapy robots market 

  • Stationary emotional therapy robots
  • Mobile emotional therapy robots

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.

Geographical segmentation and analysis of the emotional therapy robots market

  • Americas
  • APAC
  • EMEA

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.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global emotional therapy robots market?
  • What are the key market trends impacting the growth of the global emotional therapy robots market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global emotional therapy robots market?
  • What are the market opportunities and threats faced by the vendors in the global emotional therapy robots market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global emotional therapy robots market? 

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Value chain analysis
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Stationary emotional therapy robots – Market size and forecast
  • Mobile emotional therapy robots – Market size and forecast
  • Market opportunity by product

PART 07: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast
  • EMEA – Market size and forecast
  • APAC – Market size and forecast
  • Market opportunity

PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Increase in healthcare spending
  • Advances in artificial intelligence
  • Increase in budget for robotics innovation

PART 11: VENDOR LANDSCAPE

  • Competitive landscape

PART 12: VENDOR ANALYSIS

  • Vendor overview
  • PARO Robots
  • BeatBots
  • Hasbro
  • Interbots
  • Softbank Group
  • Description of emotional therapy robots under research

PART 13: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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