AI Therapy Chatbot Market Trends and Forecast
The future of the global AI therapy chatbot market looks promising with opportunities in the rogerian psychotherapy and cognitive behavior therapy markets. The global AI therapy chatbot market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing demand for accessible therapy solutions, growing smartphone use for mobile chatbots, and rising focus on data privacy.
• Lucintel forecasts that to c is expected to witness the highest growth over the forecast period.
• Within this market, rogerian psychotherapy is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Therapy Chatbot Market
• United States: Woebot Health launched AI therapy chatbots for mental health, supported by government initiatives promoting digital mental health solutions.
• United Kingdom: Babylon Health introduced AI therapy chatbots integrated into NHS services, aiming to improve mental health accessibility nationwide.
• Australia: MindSpot collaborated with AI startups to deploy therapy chatbots, addressing rural mental health disparities with government funding support.
• Canada: Chatbot startup, Wysa, partnered with healthcare providers to offer AI therapy chatbots, supported by government grants for digital health innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Therapy Chatbot Market by Segment
The study includes a forecast for the global AI therapy chatbot market by type, application, and region.
AI Therapy Chatbot Market by Type [Value from 2018 to 2030]:
• Rogerian Psychotherapy
• Cognitive Behavior Therapy
AI Therapy Chatbot Market by Application [Value from 2018 to 2030]:
• To C
• To B
• To G
• Others
AI Therapy Chatbot Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Therapy Chatbot Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI therapy chatbot companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI therapy chatbot companies profiled in this report include-
• MIT(Eliza)
• Pear Therapeutics
• Woebot Health
• Expresso
• Wysa
• X2AI
• Huma
• Youper
• Replika
• Mindstrong Health
Recent Development in the AI Therapy Chatbot Market
• Woebot Health: Woebot Health has launched AI therapy chatbots designed to provide mental health support. These chatbots utilize cognitive-behavioral techniques to offer personalized therapy sessions, aiming to address mental health issues such as anxiety and depression. The initiative focuses on increasing accessibility to mental health care through innovative digital solutions.
• Babylon Health: Babylon Health has integrated AI therapy chatbots into its healthcare services, including partnerships with NHS in the UK. This initiative expands access to mental health support by providing convenient and scalable therapy options through AI-driven platforms, enhancing patient outcomes and service efficiency.
• MindSpot (Australia): MindSpot collaborates with AI startups to deploy therapy chatbots aimed at addressing mental health disparities, particularly in rural areas of Australia. Supported by government funding, this initiative aims to provide accessible and effective mental health interventions through AI technology, reaching underserved populations.
• Wysa (Canada): Wysa has partnered with healthcare providers in Canada to offer AI therapy chatbots as part of digital mental health initiatives. This collaboration leverages AI-driven conversational agents to provide anonymous and personalized therapy sessions, supported by government grants for advancing digital health innovation and accessibility.
Features of the Global AI Therapy Chatbot Market
Market Size Estimates: AI therapy chatbot market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI therapy chatbot market size by type, application, and region in terms of value ($B).
Regional Analysis: AI therapy chatbot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI therapy chatbot market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI therapy chatbot market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI therapy chatbot market?
Answer: The global AI therapy chatbot market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI therapy chatbot market?
Answer: The major drivers for this market are increasing demand for accessible therapy solutions, growing smartphone use for mobile chatbots, and rising focus on data privacy.
Q3. What are the major segments for AI therapy chatbot market?
Answer: The future of the AI therapy chatbot market looks promising with opportunities in the rogerian psychotherapy and cognitive behavior therapy markets.
Q4. Who are the key AI therapy chatbot market companies?
Answer: Some of the key AI therapy chatbot companies are as follows:
• MIT(Eliza)
• Pear Therapeutics
• Woebot Health
• Expresso
• Wysa
• X2AI
• Huma
• Youper
• Replika
• Mindstrong Health
Q5. Which AI therapy chatbot market segment will be the largest in future?
Answer: Lucintel forecasts that to c is expected to witness the highest growth over the forecast period.
Q6. In AI therapy chatbot market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI therapy chatbot market by type (rogerian psychotherapy and cognitive behavior therapy), application (to c, to b, to g, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Therapy Chatbot Market, AI Therapy Chatbot Market Size, AI Therapy Chatbot Market Growth, AI Therapy Chatbot Market Analysis, AI Therapy Chatbot Market Report, AI Therapy Chatbot Market Share, AI Therapy Chatbot Market Trends, AI Therapy Chatbot Market Forecast, AI Therapy Chatbot Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.