Press release
Global Emotional Therapy Robots Market Will Hit At CAGR Of 37.34% During Years 2017-2021
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.
Technavios analysts forecast the global emotional therapy robots market to grow at a CAGR of 37.34% during the period 2017-2021.
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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
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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?
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