A cord blood bank is a facility which stores umbilical cord blood for future use. Both private and public cord blood banks have developed in response to the potential for cord blood in treating diseases of the blood and immune systems.
What does umbilical cord blood do?
Cord blood is a rich source of blood stem cells. Stem cells are the building blocks of the blood and immune system. They have the ability to develop into other types of cells, so they can help repair tissues, organs, and blood vessels and can be used to treat a host of diseases.
How much does it cost to save umbilical cord blood?
Private cord blood banks charge a processing and banking fees that ranges from about $ 2500 to $ 3,400, plus insurance fees for a total 20 years period. The bank offer payment plans, ranging from no-interest installments paid over a few months to longer-term financing with interest.
What is the use of stem cell banking?
An amniotic stem cell bank is a facility that stores stem cells derived from amniotic fluid for future use. Stem cell samples in private (or family) banks are stored specifically for use by the individual person from whom such cells have been collected and the banking costs are paid by such person.
Why is cord blood so important?
Why Cord Blood Is Important. Up until the 1970s, the placenta and umbilical cordwere discarded after birth without a second thought. But around this time, researchers discovered that umbilical cord blood could supply the same kinds ofblood-forming (hematopoietic) stem cells as a bone marrow donor.