Cord Blood Banking – Everything you need to know

What Is Cord Blood Banking?

Cord Blood Banking Pros And Cons

Private Cord Blood Bank vs. Public Cord Blood Bank

How Much Is Cord Blood Banking?

Private Cord Blood Bank vs. Public Cord Blood Bank

As said earlier, storing your baby’s cord blood comes in 2 options:

  • Donate your baby’s stem cells in cord blood to any public cord blood bank so that someone in need could use it.
  • Pay for storing your baby’s cord blood at a private cord blood bank for your family to use it when required.

A public cord blood bank is typically a nonprofit foundation, which stores one’s donated cord blood (free). It can be used for sick children or research. Therefore, using and accessing your cord blood isn’t guaranteed. It may or may not be available.

A private cord blood bank is a company that charges you for storing your baby’s cord blood. Usually, the charges include for registration and annual storage. This cord blood can be used whenever your family is in need.

Storing Your Baby’s Cord Blood Requires Proper Planning

As a parent, if you decide to store the cord blood, you require notifying the respective bank 4 to 6 weeks prior your pregnancy due date.

Go With A Public Bank If You Wish Donating Cord Blood

If you want to donate your baby’s cord blood, then decide with a public bank, affiliated with the registry — Be-the-Match (bethematch.org/cord), which will cover all the associated costs of collecting, processing & storing cord blood.

Go With A Private Bank If Your Family Has A History Of Diseases

If you belong to a family, where there is a history of diseases, especially ones associated with blood & immune system, then consider preserving your baby’s cord blood at a private bank. It is worth paying. Your baby’s cord blood could be extremely helpful in treating diseases like cancers, leukemia, sickle-cell anemia & few metabolic disorders. If any of your family members has it, then storing your baby’s cord blood is a wise option.

Public Cord Blood Bank vs. Private Cord Blood Bank

When it comes to banking your baby’s cord blood, parents always face a common choice — should we donate it to a public bank or use a private bank to store the cord blood? This choice isn’t as easy as it seems. You have to decide according to your family requirements. If you are in a similar dilemma, then let me help you out by listing you the advantages and disadvantages of using public and private cord blood bank.

Pros Of Public Cord Blood Banking Cons Of Public Cord Blood Banking
Accepts free donations Your cord blood might not be available when your family is need of it
Can be accessed publicly Like any other transplant, finding suitable match could be a great challenge and even if its found, rejection chances are higher while receiving stem cells from non-relatives
Can be further used for medical research Even though donating your cord blood is free but using it when you are in need costs you around $15000
Helps people who are sick and are badly in need of cord blood to treat their illness Once you have made the donation, you cannot stop someone from using your cord blood because it the public bank that owns it
You don’t have to pay while donating your cord blood. The respective foundation covers all the charges involved during cord blood collection With a public cord blood bank, it is extremely challenging to locate a donated cord blood that matches the stems cells of a minor with certain illness

 

Pros Of Private Cord Blood Banking Cons Of Private Cord Blood Banking
Lets you access your baby’s cord blood at anytime Storing cord blood in a private bank can be highly expensive
One doesn’t have to look for a donor, especially when the kid requires stem cells transplant in future For genetic disorders, a transfusion with an individual’s cord blood might not be adequate
If the baby’s family member (any) requires transplanting his or her stem cells in future, then chances are high for a cord blood match Chances of using cord blood in future are very less. Your child might not even need it at all
The success rate of stem cell transplants using cord blood of a family member is double that of the transplants using public donor’s cord blood Most insurance firms don’t cover charges of cord blood collection & banking
You have 100% rights as to who should be using your baby’s cord blood

Note: Banking a baby’s cord blood is an important family decision and shouldn’t be done with haste. Take time discussing and weighing about different options with your friends and relatives on cord blood banking.

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