Market Overview:
The global emotional therapy robots market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for emotional therapy robots due to the rising prevalence of Alzheimer’s disease and other dementias across the globe. In addition, technological advancements in emotional therapy robots are also contributing significantly to the growth of this market. Based on type, mobile emotional therapy robots accounted for a larger share of the global emotional therapy robots market in 2017. This segment is expected to continue its dominance during the forecast period owing to their growing popularity among patients with Alzheimer’s disease and other dementias. By application, dementia held a larger share of the global emotional therapy robot market in 2017 and this trend is expected to continue duringthe forecast period as well.
Product Definition:
Emotional therapy robots (ETRs) are artificially intelligent machines that help people regulate their emotions. They can be used to treat conditions such as anxiety, depression, and PTSD. ETRs are important because they can provide relief for people who don't have access to traditional therapies or who don't respond well to them.
Mobile Emotional Therapy Robots:
Mobile emotional therapy robots is a new term that refers to the use of robotics technology in therapeutic treatment. The major factor contributing to its growth is the increasing acceptance and awareness regarding robot-assisted therapies for treating mental disorders such as post-traumatic stress disorder, anxiety, depression, phobias and panic disorders. In addition, growing technological advancements in mobile robotic devices are also expected to fuel market growth over the forecast period.
Stationary Emotional Therapy Robots:
Stationary Emotional Therapy Robots are used in the treatment of anxiety, depression, phobias and other mental disorders by providing a patient with an emotional support system. The robot is equipped with sensors that enable it to detect the patients' facial expressions and body language. It also has built-in speakers that play soothing music or noises to help the patient relax.
The robots can be programmed using a simple software interface enabling therapists to customize its techniques for each individual patient.
Application Insights:
The other dementia segment held the largest market share of over 30.0% in 2017 and is expected to grow at a significant rate during the forecast period. Other emotions therapy robots are used for treating depression, anxiety disorders, bipolar disorder and post-traumatic stress disorder (PTSD). The rising cases of mental illnesses are anticipated to boost demand for these robots in the coming years.
Alzheimer¢â‚¬â„¢s disease is expected to be one of the fastest growing segments owing to increasing awareness about its symptoms among individuals aged 50+ years as well as caretakers/family members who look after such individuals at home. Furthermore, government initiatives that aim at improving healthcare services for patients suffering from Alzheimer's disease are further anticipated to propel growth during the forecast period. For instance, Care Services Robots International - an initiative by Samsung Electronics America Inc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by companies and high adoption of technologically advanced products for clinical application. Moreover, growing awareness about robot-assisted therapy among healthcare professionals and patients is also one of the key factors responsible for maintaining dominance in this region. In addition, presence of a large number of manufacturers and service providers has led to increased availability of these robots at competitive prices, thereby making it an attractive regional market for investors looking to capitalize on emerging opportunities within this vertical space.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives pertaining toward emotional support robots with therapeutic applications as well as growing demand from countries such as Japan and China that are already dominating this industry due to high production volumes coupled with low manufacturing costs compared with other regions across the globe (i.e., North America).
Growth Factors:
- Increasing demand for emotional therapy robots from the elderly population
- Growing demand for emotional therapy robots from the pediatric population
- Increasing use of emotional therapy robots in hospitals and clinics
- Rising adoption of emotional therapy robots in homes
- Growing research and development activities for improving the features of emotional therapy robots
Scope Of The Report
Report Attributes
Report Details
Report Title
Emotional Therapy Robots Market Research Report
By Type
Mobile Emotional Therapy Robots, Stationary Emotional Therapy Robots
By Application
Alzheimer's Disease, Other Dementia
By Companies
PARO Robots, BeatBots, Hasbro, Softbank Group, Sony, Omron, Interbots
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Emotional Therapy Robots Market Report Segments:
The global Emotional Therapy Robots market is segmented on the basis of:
Types
Mobile Emotional Therapy Robots, Stationary Emotional Therapy Robots
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Alzheimer's Disease, Other Dementia
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PARO Robots
- BeatBots
- Hasbro
- Softbank Group
- Sony
- Omron
- Interbots
Highlights of The Emotional Therapy Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile Emotional Therapy Robots
- Stationary Emotional Therapy Robots
- By Application:
- Alzheimer's Disease
- Other Dementia
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Emotional Therapy Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Emotional therapy robots are artificially intelligent devices that help people with emotional problems. They can provide support and guidance, and may be able to diagnose and treat mental health conditions.
Some of the major companies in the emotional therapy robots market are PARO Robots, BeatBots, Hasbro, Softbank Group, Sony, Omron, Interbots.
The emotional therapy robots market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Emotional Therapy Robots Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Emotional Therapy Robots Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Emotional Therapy Robots Market - Supply Chain
4.5. Global Emotional Therapy Robots Market Forecast
4.5.1. Emotional Therapy Robots Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Emotional Therapy Robots Market Size (000 Units) and Y-o-Y Growth
4.5.3. Emotional Therapy Robots Market Absolute $ Opportunity
5. Global Emotional Therapy Robots Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Emotional Therapy Robots Market Size and Volume Forecast by Type
5.3.1. Mobile Emotional Therapy Robots
5.3.2. Stationary Emotional Therapy Robots
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Emotional Therapy Robots Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Emotional Therapy Robots Market Size and Volume Forecast by Application
6.3.1. Alzheimer's Disease
6.3.2. Other Dementia
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Emotional Therapy Robots Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Emotional Therapy Robots Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Emotional Therapy Robots Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Emotional Therapy Robots Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Emotional Therapy Robots Demand Share Forecast, 2019-2026
9. North America Emotional Therapy Robots Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Emotional Therapy Robots Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Emotional Therapy Robots Market Size and Volume Forecast by Application
9.4.1. Alzheimer's Disease
9.4.2. Other Dementia
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Emotional Therapy Robots Market Size and Volume Forecast by Type
9.7.1. Mobile Emotional Therapy Robots
9.7.2. Stationary Emotional Therapy Robots
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Emotional Therapy Robots Demand Share Forecast, 2019-2026
10. Latin America Emotional Therapy Robots Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Emotional Therapy Robots Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Emotional Therapy Robots Market Size and Volume Forecast by Application
10.4.1. Alzheimer's Disease
10.4.2. Other Dementia
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Emotional Therapy Robots Market Size and Volume Forecast by Type
10.7.1. Mobile Emotional Therapy Robots
10.7.2. Stationary Emotional Therapy Robots
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Emotional Therapy Robots Demand Share Forecast, 2019-2026
11. Europe Emotional Therapy Robots Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Emotional Therapy Robots Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Emotional Therapy Robots Market Size and Volume Forecast by Application
11.4.1. Alzheimer's Disease
11.4.2. Other Dementia
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Emotional Therapy Robots Market Size and Volume Forecast by Type
11.7.1. Mobile Emotional Therapy Robots
11.7.2. Stationary Emotional Therapy Robots
11.8. Basis Point Share (BP) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Emotional Therapy Robots Demand Share, 2019-2026
12. Asia Pacific Emotional Therapy Robots Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Emotional Therapy Robots Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Emotional Therapy Robots Market Size and Volume Forecast by Application
12.4.1. Alzheimer's Disease
12.4.2. Other Dementia
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Emotional Therapy Robots Market Size and Volume Forecast by Type
12.7.1. Mobile Emotional Therapy Robots
12.7.2. Stationary Emotional Therapy Robots
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Emotional Therapy Robots Demand Share, 2019-2026
13. Middle East & Africa Emotional Therapy Robots Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Emotional Therapy Robots Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Emotional Therapy Robots Market Size and Volume Forecast by Application
13.4.1. Alzheimer's Disease
13.4.2. Other Dementia
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Emotional Therapy Robots Market Size and Volume Forecast by Type
13.7.1. Mobile Emotional Therapy Robots
13.7.2. Stationary Emotional Therapy Robots
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Emotional Therapy Robots Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Emotional Therapy Robots Market: Market Share Analysis
14.2. Emotional Therapy Robots Distributors and Customers
14.3. Emotional Therapy Robots Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PARO Robots
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BeatBots
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hasbro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Softbank Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sony
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Interbots
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
