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Wearable Tech Rentals

Lumoid Lets You Test Drive with Their New Wearable Gear Rental Services

— January 13, 2015 — Tech
There is no question that wearable technology and health and fitness trackers are everywhere -- which is where this gear rental platform comes in. Originally a photo and video equipment rental service, Lumoid has expanded to include wearable devices you can test at home. This allows you to have a trial run before purchasing one of your own, which you can also do through the Lumoid site.

If you choose not to buy the item(s), one week gear rental costs $20 for five products. Whether you are curious but non-commital about sleep trackers like Withings Pulse 02 or the Jawbone UP24, fitness devices such as the Garmin Vivofit or wristbands that keep you connected a la Pebble Smartwatch, this platform allows you to compare a variety of wearables.
Trend Themes
1. Wearable Tech Rentals - Lumoid has introduced a platform to let users test wearable devices before making a purchase, which could revolutionize the way people buy wearables.
2. At-home Device Testing - The ability to test wearable devices at home through Lumoid's platform presents a disruptive opportunity for the health and fitness industry to increase sales through better consumer experiences.
3. Rental Economy - Lumoid's expansion into wearable tech rentals signifies the growth of the rental economy trend in the electronics sector, which opens up new possibilities for businesses looking to capitalize on this trend.
Industry Implications
1. Fitness Wearables - The fitness industry could benefit from Lumoid's wearable tech rental platform with the opportunity to increase sales by letting customers try before they buy.
2. Consumer Electronics - The consumer electronics industry can take advantage of the growing trend of rental services and create customized rental programs specifically for wearables and other electronics products.
3. Healthcare Monitoring - The healthcare industry can leverage the benefits of Lumoid's platform to promote the use of wearable devices for remote and home monitoring, which could improve patient outcomes and overall healthcare efficiency.
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