Cord blood banking is changing lives now. A lot of parents are opting for cord blood banking in order to secure the future of their baby in case the baby or any of the family members suffer from life-threatening diseases.
If you are also thinking about opting for cord blood banking, you must have a basic idea about it and the cost.
Yes, cord blood banking does cost a hefty amount.
But it secures the future of your baby, so it is worth the money you will spend.
What Is Cord Blood Banking?
Cord blood banking is the procedure of collecting and storing the stem cells, placenta, cord blood, and cord tissues for future use. When it comes to treating some life-threatening and severe diseases, cord blood typically contains more effective stem cells than bone marrow.
Also, the collection of cord blood does not cause any type of harm or pain to the baby or the mother. On the other hand, bone marrow collection is really painful for the donor.
The Procedure Of Cord Blood Banking
Now that you know what this cord blood banking is, it is time to know about the cord blood collection procedure.
When the baby is born, the doctor clips the umbilical cord and cuts it. After that, using a syringe, the doctor collects the cord blood and stem cells from the umbilical cord and takes that into test tubes or containers, and sends them to the lab and cord blood banks for testing and storage purposes.
Although the process might seem simple, in order to collect cord blood along with its stem cells, the doctor has to have some type of expertise.
Why Cord Blood Banking Is So Expensive
When you are thinking about opting for cord blood banking, the pricing becomes one of the major concerns. When a baby is coming into this world, you have 3 options to choose from.
You can store the cord blood with a private cord blood bank at the cost of something from $1,500 to $2,000, along with an annual storage fee of around $125.
The other option is to donate the cord blood to any public cord blood banks in case any of the banks are working with your hospital. Here, your doctor also has to be on board with the idea. You will also find some public cord blood banks that are also up for mail-in donations.
In this case, you have to register during the time period of your second trimester. In addition to that your doctor also has to take a short training class on-line. This will not cost anything to you.
Now the third and last option is doing nothing and having the umbilical cord, cord blood, and placenta destroyed as any other medical waste.
Instead of wasting, it is always best to opt for public cord blood banking and donate the cord blood of your baby. Here, you do not need to spend any money. By doing that, you can save someone else’s life when you are beginning life in this world.
Now, in the future you will be in need of stem cells of the cord blood, you also can opt for public cord blood. If you can find a perfect match, you can opt for the treatment of cancer along with other blood disorders.
But if you want to reserve the cord blood only for your family, you have to pick private cord blood banking. This way, you will be able to save your family and also siblings who have the same parents because they usually have a % chance of being the exact match.
Here, you need to spend money because private cord blood banks are private companies that collect, store, and also transport the rod blood when needed. They will charge you for all of these things and also make a profit.
When cord blood is stored, some regulatory actions are taken. The mother’s blood is being tested for any type of possible infections that cost around $150 for every unit. In addition to that, the cord blood needs to be processed and separate the blood components that ate holding the stem cells.
After all these, the final product comes with a volume of 25 milliliters, including the cryoprotectant that prevents all the cells from nursing when they are frozen. This entire procedure cost somewhere between $250 and $300 for each unit.
We already have mentioned the cord blood collection procedure and transportation that will cost some additional dollars.
So, now you know why cord blood banking is so expensive. Storing cord blood for several years always requires high-end technology and expertise. And any of that doesn’t come free. Still, when you are spending so much, you are also able to secure your baby’s future.