Life is priceless, and when it comes to saving life, you would do anything or even incur any cost. So money may not be a factor to hinder you from banking your infant’s umbilical cord blood if there is a need to do so. But private banking comes with a lot of expense and many families cannot afford it. With initial processing costs of upwards $2000 and recurring yearly expenses of about $150, it makes sense if parents make a good judgment about the investment.
The American Academy of Pediatrics gives insights through cord blood banking reviews. There may be an emotional reaction to the safety of a baby among expecting mothers and many will visit their doctors to seek advice. Families are vulnerable to such ads and need to be wary of their actions.1,2,3
The likelihood of a kid needing her own stem cells is little and there aren’t exact estimates. Some sources say that it’s about 1:1000 to about 1:200,000 but the ratios vary. Again, there isn’t concrete evidence showing the effectiveness and safety of using own stem cells or autologous cord blood transplants in treating malignant neoplasms. This is the reason why recommending a parent to store the cord blood of their infant isn’t an easy thing to do. The decision should be personal based on advice and credible sources of information.1,3
Even when you don’t bank your newborn’s cord blood and he or she gets a disease that is treatable using cord blood transplant, it doesn’t mean there are no other alternatives. You may still get a match from a public cord blood registry or you could go for the traditional treatment and use of bone marrow transplants. Of course, there are disadvantages associated with these other options, in which in most cases and to some level, are resolved with cord blood.
It is your decision to see if you consider cord blood banking, which would be recommended by experts, anyway. But the big question is: do you go for private banking or public banking? At this point in time, public banking seems the most viable solution for those people who need to donate cord blood, particular if you feel that you have a mission to save life.
Private banking comes with a huge expense, and unless there is substantive reason to do it, you don’t want to spend your money in such investment. It may be perceived as a form of biological insurance, but you aren’t sure your family will need it. For those with children, members of the family, or relatives who have disorders that could get cured with stem cell transplants, private banking may be just the best choice.1,2,3
Keywords: cord blood banking; donate cord blood; cord blood registry; bank cord blood; cord blood banking reviews; stem cells; public cord blood registry; donate cord blood
- Should You Bank Your Baby’s Umbilical Cord Blood? https://www.verywellfamily.com/cord-blood-banking-2633144
- Is Cord Blood Banking Worth It? https://www.parents.com/pregnancy/my-baby/cord-blood-banking/is-cord-blood-banking-worth-it/
- Should You Bank Your Baby’s Cord Blood? https://www.parents.com/pregnancy/my-baby/cord-blood-banking/banking-baby-cord-blood/