Cord blood banking is considered to be a relatively new practice in which women are asked if they would want to consider storing their umbilical cord blood after pregnancy. Treatment of hematopoietic and genetic disorders is done through stem cells, and a lot of it can be found in the cord blood. This in turn led to cord blood banking’s growing slowly in popularity over the years. A lot of newcomers in the practice often have a few hesitations in pursuing cord blood banking. Let us look at what you can expect when you decide to invest in banking your cord blood after child birth.
As mentioned earlier, cord blood banking offers a wide variety of benefits to people who are willing to take the risk. With that being said, it is important that people weigh their decisions based on the cord blood banking pros and cons. As mentioned earlier, cord blood is widely used in treating over 80 life threatening diseases, which include the likes of leukemia, lymphoma, and sickle cell disease. Investing in cord blood banking means patients are given full access to such treatment at any given time when the need calls for them to do so. Aside from treatment, cord blood is also used in research made to help improve the quality of life of people.
It should be noted that cord blood banking comes with its own set of disadvantages which people need to consider as well. One of the main concerns is with regard to the cost. The price of cord blood banking is considered to be relatively steep. For instance, families can expect to be paying from about $1,300 to $3,000 for the first-year processing fee with a private cord blood banking facility. This however does not include the annual storage cost which can range from $90 to $175. There is however a good reason for its cost. Private cord blood banking is advised for patients who want to secure the cord blood for their own storage which can be used by their families. This limits the access strictly to family members and relatives unlike the ones found in public cord blood banks which as the name suggests is open to the public for use.
Aside from its cost, the use of cord blood may not be put into effect several years later if at all needed. This means that you will be paying for cord blood banking and yet you are uncertain if you will use it in the future. With that being said, just like any form of investment it can take time before you will be able to reap the good benefits of cord blood banking.
Cord blood banking is indeed very promising and its impact can already be seen in the field of medicine. Find a good measure of balance between the pros and cons of cord blood banking and see if it is right for you. Get in touch with a private cord blood banking facility to learn more about the services related to it.