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Global Emotional Therapy Robots Market 2017-2021

Global Emotional Therapy Robots Market 2017-2021

About Emotional Therapy Robots

Emotional therapy robots simulate a pet or a toy. The main function of this robot is to increase user interaction in an intelligent manner to enhance the health and psychological well-being by providing companionship. These robots are mainly utilized to increase social engagement of people suffering from dementia, and children with autism. Interactive technologies are gaining ground to ease stress and anxiety among people, using advanced technologies that include virtual reality approaches, cognitive behavioral therapy, artificial intelligence, and robots. Emotional therapy robots enhance social interaction of the people involved and improve their recovery.

Technavio’s analysts forecast the global emotional therapy robots market to grow at a CAGR of 37.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global emotional therapy robots market for 2017-2021. To calculate the market size, the report considers the revenue earned by manufacturers of these robots.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Emotional Therapy Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BeatBots
  • Hasbro
  • Interbots
  • PARO Robots
  • Softbank Group
Other prominent vendors
  • Omron
  • Sony
Market driver
  • Low-cost emotional therapy robots
  • For a full, detailed list, view our report
Market challenge
  • High complexity in design
  • For a full, detailed list, view our report
Market trend
  • Increase in healthcare spending
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Emotional Therapy Robots Market 2017-2021

Technavio recognizes the following companies as the key players in the global emotional therapy robots market: BeatBots, Hasbro, Interbots, PARO Robots, and Softbank Group

Other Prominent Vendors in the market are: Omron and Sony.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in healthcare spending. Many countries are heavily investing in the healthcare and rehabilitation sector, and the growth momentum for R&D related to this sector is also expected to increase. Countries such as the US, Australia, Singapore, Japan, Germany, and Denmark have invested heavily in the healthcare sector, and present a huge growth potential for the emotional therapy robots market. In 2015, the US healthcare expenditure contribution increased by almost 5% to $3.2 trillion, compared with 2014. The corresponding number for Europe was about 8%-10% which is expected to increase further during the forecast period. This has enabled patients to opt for sophisticated robotic therapies instead of traditional therapies.”

According to the report, one of the major drivers for this market is Low-cost emotional therapy robots. With the rapidly growing population above the age of 65, the demand for robots for physical assistance and emotional therapy is also increasing. The requirement of emotional support is not only restricted to the elderly; children with cognitive and social problems also require such solutions for assistance. The field of robotics has rapidly advanced over the years, and has come up with physical embodiments that are autonomous, interactive, and communicative. The advent of artificial intelligence has enabled these machines to understand emotions and interact in real-time environments. Emotional therapy robots are also developed with these advanced technologies to support people suffering from social isolation ailments.

Further, the report states that one of the major factors hindering the growth of this market is High complexity in design. Emotional therapy robots are very complex in design. As they are expected to retain gestures, emotions, and movement similar to human beings, the complexity involved in programming and set-up increases further. As the demand for the social involvement of robots is increasing, robots need to be aware of emotions such as joy, excitement, anger, shyness, and others. For instance, robots targeted at interacting with autistic children have to be equipped with the enhanced capability to perform multiple tasks such as eating food, dancing, and riding, which can be imitated by the children to decrease behavioral frustration.

Companies Mentioned

BeatBots, Hasbro, Interbots, PARO Robots, and Softbank Group, Omron and Sony.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global emotional therapy market
    • Value chain analysis
      • Table Value chain of the global emotional therapy robots market
    • Market size and forecast
      • Table Global emotional therapy robots market 2016-2021 ($ thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market size and forecast 2017-2021
    • Comparison by product
      • Table Comparison by product
    • Stationary emotional therapy robots – Market size and forecast
      • Table Stationary emotional therapy robots - Market size and forecast 2016-2021 ($ thousands)
      • Table Pros and cons of stationary emotional therapy robots
      • Table Stationary emotional therapy - Year-over-year growth 2017-2021
    • Mobile emotional therapy robots - Market size and forecast
      • Table Mobile emotional therapy robots - Market size and forecast 2016-2021 ($ thousands)
      • Table Pros and cons of mobile emotional therapy robots
      • Table Mobile emotional therapy robots - Year-over-year growth 2017-2021
    • Market opportunity by product
      • Table Market opportunity by product
  • Regional landscape
    • Geographical segmentation
      • Table Global emotional therapy robots market - Market size and forecast 2016-2021
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast
      • Table Americas - Market size and forecast 2016-2021 ($ thousands)
      • Table Americas - Year-over-year growth 2017-2021
      • Table Population aged above 65 years in 2015 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast
      • Table EMEA - Market size and forecast 2016-2021 ($ thousands)
      • Table Population above age 65 (%)
      • Table EMEA - Year-over-year growth 2017-2021
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast
      • Table APAC - Market size and forecast 2016-2021 ($ thousands)
      • Table APAC - Year-over-year growth 2017-2021
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Percentage of population above the age of 65 in various regions
    • Market challenges
  • Market trends
    • Increase in healthcare spending
    • Advances in artificial intelligence
    • Increase in budget for robotics innovation
  • Vendor landscape
    • Competitive landscape
  • Vendor analysis
    • Vendor overview
    • PARO Robots
    • BeatBots
      • Table Products offered by BeatBots
    • Hasbro
      • Table Products offered by Hasbro
    • Interbots
    • Softbank Group
    • Description of emotional therapy robots under
  • Appendix
    • List of abbreviations
  • Explore Technavio

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