What Is The Difference Between Private And Public Cord Blood Banking
Immediately after delivery of a baby, both the placenta and umbilical cord are thrown away as medical waste, although upon requesting, the collection and storage of stem cells from the blood can be done. Research shows that stem cells can be used in treating more than 80 medical conditions.
Although there are many benefits of storing the stem cells, the big problem comes when someone is confused about the best place to store them.
Currently, you can choose between two options, namely public and private cord blood banks. However, it’s essential to understand that the two options serve different purposes, and you should consider the one that suits you and your family.
private cord blood banking
These types of banks only allow people to store the stem cells for their loved ones or simply themselves. They have private operations and often charge a processing and storage fee
Pros
- You are the final decision maker on who can use your child’s stem cells.
- Transplants of stem cells to your related family members is easy
- Higher success rate compared to public donors
Cons
- Can sometimes be expensive
- The cord blood might have some conditions which should first be treated.
Public cord blood banking
It offers free stem cells banking to every individual provided that the donor requirements are met. These banks are funded and supported by the government or multinational companies, which make the collections free of charge.
Pros
- It’s free of charge
- The stem cells are available for whoever is in need
- Searching for matching stem cells outside the family is easy.
Cons
- Once you donate the stem cells, then you have no control over their use.
- Can sometimes be expensive
- A huge percentage of stem cells are discarded for failure to meet set standards.
In conclusion, these are some of the pros and cons of each type of cord blood banking.