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Exploring Options Of Cord Blood Banking
As a result the donation is no longer available to the family who donated it. A second option involves storing the cord blood at a private bank for personal use. There is a fee for storage, and this option is less popular as the cost of storage generally outweighs the odds of a child or family member needing the stem cells for treatment.
What makes this technology important is the potential for use of the stem cells found inside the blood. Stem Cells have a unique ability to transform into just about any human cell needed, such as bone marrow or platelets. As a result, certain childhood cancers and immune disorders can be treated effectively. For this reason, Cord Blood Banking can enable a stem cell transplant without going through a lengthy search for a matching donor.
The cost of Cord Blood Banking can be pricey. The initial processing can cost as much as $1,800 with an annual storage fee of $100. This comes as an addition to the collection kit, courier service, and the hospital’s fee for collection. However, the benefits can far outweigh the cost if the stem cells are needed to treat disease.
Cord Blood Banking is an option which should only be decided by parents, prior to the birth of their child. If a couple decides the fees are within their means, and their child might be considered at risk, Cord Blood Banking might be a great option. As well, the decision to donate the cord blood could save a life of someone you don’t even know.