Factors That Influence Stem Cell Banking Costs

The use of umbilical cord blood is increasing like anything in the healthcare industry. The reason is that it contains the highly valuable stem cells that support your body to re-generate various kinds of cells, tissues, and organs if damaged due to ailments. This is the reason why cord blood is also considered regenerative medicine.

The umbilical cords of newborn babies which were discarded once as waste have now been discovered as a great source to treat life-threatening diseases like cancer (leukemia and lymphoma), tumors, anemia, inherited metabolic disorders, etc. of children and adults. The FDA has approved transplantation of cord blood to treat around 80 diseases while further research is continuing to unveil its potential to treat the diseases like Alzheimer's and more.

Considering the great importance of cord blood banking, an increasing number of possible parents like you speak to their GYN-OBY and doctors for the collection and preservation of their newborn’s cord blood. However, during this process, the questions that may come to your mind are – whether to consider a private or public bank for storing the stem cells, how to choose a dependable community, and stem cell banking costs. When it comes to the cost factor, the answer lies in the objective of your cord blood banking.

First of all, cord blood banking in public banks is meant for donation purposes, and for this, you don’t have to pay anything. Before a public bank accepts your baby’s cord blood, you will have to officially forgo your right on the valuable stem cells. So, when the objective of storing your baby’s blood is to ensure the wellbeing of your child and family loved, then you should always go for a reputable private bank. Similarly, while choosing a private bank, you need to consider the reliability, level of services, process, and method of preservation that practically determine stem cell banking costs.

Factors That Influence the Cost

Recognition

Make sure to research the background of the establishment and its reliability in terms of location, ease of access, the process of functioning, preservation system before you decide on cord blood banking with them. It should be fitted with the globally valued certifications from authorities including FDA, AABB, apart from the Department of Public Health, etc. Having these certifications and official recognition testifies the expertise level, reliability of services, preservation system of the private blood bank is up to the standard.

Hi-tech Research and Preservation System

Considering the importance of cord blood banking for the wellbeing of your family, make sure that the community is fitted with high-tech labs and analysts and technicians with in-depth knowledge to examine the blood samples with due diligence before they are taken for storage. Make sure that the community adheres to a cryopreservation storage system whereas your baby’s stem cells need to be preserved in a container of liquid nitrogen maintaining a temperature of -170-degree C.   

Transportation

One of the major security measures of shipping cord blood is that it needs to be shipped via a registered medical courier of the cord bank. Transportation is often performed through a well-sterilized vehicle maintaining a temperature of 25 Degree C to ensure effective transportation of the cord blood  

Check Cost

Remember well that each factor as stated above plays a vital role in determining stem cell banking costs.