What is the difference between private cord blood banking and public cord blood banking?

Cord blood banking has received its fair share of the spotlight over the years. This in turn helps draw the attention to a huge number of individuals to availing its benefits at present. The thought of having stem cell therapy available to you at any given time when the need calls for it is quite reassuring to have. As a result, more and more people are looking into cord blood banking for future use. There are two different cord blood banks people can go to namely: private and public. Let us look at what difference is there between the two.

Private Cord Blood Bank

Private cord blood banking is considered to be a secured channel in which families are able to keep their child’s umbilical cord safe for future use. This in turn gives families full access on when to use them for stem cell treatment. The process of storing the stem cells include preservation through controlled freezing which is also known as cryopreserve. As such, private cord blood banks are known to be quite pricey. Families can expect to pay from $1,300 to $3,000, excluding the annual storage costs that can be around $90 to $175.

Public Cord Blood Bank

On the other hand, families will be able to store their child’s umbilical cord in a public cord blood bank for free. However, since this is stored in a public blood bank, other patients will be able to use them when it is needed. With that being said, there will be other units available if you need cord blood. Donating in public cord blood bank can help save other lives; and for some, this is a great motivating factor for them to consider it.

Weighing Your Options

Both private and public cord blood banking have their own set of advantages and disadvantages. Private cord blood banks will always be available saving them a fair amount of time, while patients may need to wait for a while for them to find an umbilical cord for their stem cell therapy in a public bank.

For private cord blood banking, make sure that you look for a trusted and reliable private bank. You don’t want your child’s umbilical cord to go to waste due to improper handling, shipping, and storing of cord blood. In addition, if the private bank is not financially stable this could affect cord blood that is stored long term.

On the other hand, public cord blood banks are fairly easy to find especially today where several organizations have set up and integrated a network of public cord blood banks over the internet. This in turn allows them to promote their services making them very much accessible to the online community while at the same time encourage others to help join and support the cause.

Regardless of your decision, banking on cord blood is a worthy endeavor and is sure to help save lives for your families and others. Consider cord blood banking by looking for these blood banks over the internet today.

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