Private cord blood banks were the first to cryopreserve cord blood. In fact, Cryo-Cell is the world’s first private cord blood bank. It wasn’t until later that the government realized the need to preserve cord blood for research and public welfare. Today, many states have publicly-held cord blood banks, and 31 states have adopted a law or have a piece of pending legislation that requires or encourages OBGYNs to educate expectant parents about cord blood banking. This leaves expectant parents with a choice whether to donate their baby's cord blood to others or to research via a public bank or keep their baby's cord blood for their family at a private bank.
Read more about public versus private banking.
How much does private cord blood banking cost?
Private cord blood banks such as Cryo-Cell often have an upfront fee for collecting, processing and cryo-perserving the cord blood stem cells. Banks like us also often charge a yearly fee for continued storage. At Cryo-Cell, we strive to give all parents the chance to store their baby’s umbilical cord blood for the future health of their family. We offer special discounts and offers for multiple births, returning customers, referrals, military families, medical professionals, long-term, pre-paid storage plans and more. In addition, we have in-house financing options to keep cord blood banking in everyone’s reach.
Read more about how much cord blood banking costs at Cryo-Cell.
Benefits of private cord blood banking
Matched stem cells necessary for transplants are difficult to obtain through public cord blood banks. Once a match is ascertained, it may take valuable weeks, even months, to retrieve the matched blood, and the cost of acquiring the cord blood from a public bank can be upwards of $40,000.
When the newborn’s umbilical cord blood is banked privately, they can be retrieved quickly, and since the parents own the cord blood, banks like us perform the retrieval free of charge. These stem cells from the cord blood are a perfect match for the lifetime of the baby, and with the continued advancement of stem cell technologies, the likelihood of utilizing the preserved cord blood in a lifetime will continue to grow. At present, the odds of undergoing any stem cell transplant by age 70 stands at 1 in 217.30
Banked cord blood is not only available for the donor but also available for other family members as well. Statistics show that there is a greater chance for success in a stem cell transplant between siblings than with unrelated donors and recipients. There is also a reduced likelihood of graft-versus-host disease (GVHD), a major complication of stem cell transplants that can range from mild to acute and even chronic. According to the National Institutes of Health, the risk and severity of GVHD after a stem cell transplant depends on the relationship between the donor and the receiver:
Read more about the benefits of private cord blood banking.
- Identical twins: very low chance of suffering from GVHD
- Blood-related family members: 35%–45% chance of GVHD
- Unrelated: 60%–80% chance of GVHD