Cord Blood Banking Prices - Is it Worth the Money
Author : Rupert Cobain | Published On : 14 Oct 2021
Cord blood that contains stem cells is found in the placenta and umbilical cord when the baby is born. These stem cells can treat various diseases such as anemia, leukemia, lymphoma, sickle cell disease, and so forth. Parents can choose to either discard, donate or save it for the future. Storing cord blood is free of charge in a public bank where it is utilized for research or for other patients who need it. However, when you choose to store in a private bank, you need to pay a fee. Cord blood banking prices are high in a private bank and, it varies from one to another. It includes the processing fee, yearly storage fee, and other charges.
Donating or storing cord blood and tissue in a public bank is free but, there is no guarantee that you can access your cord blood in the future. It is often made available for research or transplant patients. On the contrary, storing cord blood in a private blood bank ensures that your own family can access it anytime they want. It is particularly beneficial if the family has a history of diseases related to the blood or the immune system. It is easy for parents to find a match when they use the services of a private bank for cord blood and tissue banking.
Why is it So Pricey?
Utilizing the services of a private bank to store cord blood is expensive because it is a hi-tech medical procedure. It requires the services of an experienced technician and high-grade equipment to procure and store; the cord blood and tissues immediately after the birth. Before the cord blood is collected and stored, parents need to pay around $1350 to $2350. That includes the fee for collecting and testing the blood for possible infections. Annual storage and maintenance fees of the cord blood include $100 to $300.
However, it is essential to know that these prices may vary from one blood bank to another. Some private blood banks waive the fees when a family member benefits from the cord blood and tissues. Cord blood and tissues need proper storage as the stem cells need nitrogen freezing at a temperature below -196 degrees C. It must be stored and frozen within 48 hours of stem collection. All these procedures need to meet high standards which, explains why it is so expensive.
Cord blood and tissue is a precious resource utilized for various life-saving treatments. However, storing your cord blood for the future depends on your personal choice and financial status. With its life-saving abilities, banking precious cord blood and tissues is undoubtedly a good decision.
HealthBanks provides stem and immune cells banking, cord blood banking, and umbilical cord tissue banking services. These cells can be used to treat many diseases including metabolic disorders, blood related issues, and used in immunotherapies to treat cancer. To know more, visit https://healthbanks.us/company/.