Privatization of cord blood banking

Ever since the research has proved that cord blood is a life saving fluid, containing large number of multipurpose unit called stem cells, for the baby and its family, many people are turning up for the donation and preservation of the cord blood. After making the decision to donate, next question which arises in the minds of the parents is where to give their child’s cord blood.

The decision of donation of the cord blood is entirely personal and is based on ones’ future requirements. Cost effectiveness, easy access and reputability are some of the points which are to be kept in mind before selecting the place to bank their child’s cord blood.

Though there are many options available for the parents for storing their newly born’s cord blood, nowadays private cord blood banking is gaining more worth as compared to public or research based cord blood banks.
Private cord blood banks are basically used for preserving the cord blood of your baby exclusively for the medical requirements of your family in the future.

There is a kind of fee that is followed by any private cord blood bank at the time of registration for donating the cord blood. Amount to be charged varies from one cord blood bank to another. This fee is collected for the enrolment, collection, storage and preservation services provided by the private cord blood.

Whenever any person of the family needs the stem cell transplant or cord blood for the treatment of various deadly diseases like leukaemia, sickle cell anaemia, thalassemia, lymphomas, immune deficiency disorder, heart related problems or for the repair of any damaged tissue or organ, they can retrieve the same cord blood of their baby any time in future.

This cord blood can be utilised only if there is any need for the stem cell transplant within the family. These private cord blood banks are easily accessible every where as their number is very high and also there are many hospitals which are in collaboration with such banks.

The only drawback of private cord blood banking is their fee structure which is sometimes very high at many private cord blood banks. The private cord blood banks are beneficial only for the children having a sound family background. Even the doctor can reject to use the cord blood of your baby in future due to some reasons. Under such condition, you need to shift to a public cord blood bank.

Not all private cord blood banks are worth to be chosen for the preservation of your baby’s cord blood. Only those with good service record, globally recognised, and long standing experience are liable to be chosen.

Thus proper guidance by any doctor and any website may help you decide the best place to bank the cord blood of your child so that your child’s future remains secure. This decision should be made very carefully as you have only one opportunity to collect the cord blood of your child

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