There are two main types of cord blood banks in operation today. One is the public cord blood bank and the other is the private cord blood bank. The main concept behind a cord blood bank is to collect process and then store cord blood to treat disorders and diseases of various types. Storing cord blood or donating it in either case is completely a voluntary step. If you decide to do neither, then cord blood will be disposed of as medical waste.
Public cord blood banks accept donated cord blood. If you want to donate your baby’s cord blood, then you can inform your doctor or midwife, who can arrange to have the collection take place or contact a public cord blood bank on your behalf. Collection and storage of donated cord blood is always completely free of charge. What makes a public cord blood bank such a fantastic concept is that it allows people from all over the world to get tested for a genetic match in the case that they have an illness that requires cord blood cells for treatment. Everyone gets a fair chance of getting access to stem cells that might help to save their lives. There are some public cord blood banks that give people, who cannot afford to have it stored privately, the option of storing their baby’s cord blood after birth in case they need it in the future. These are mostly people who have a known history of genetic disorders or blood diseases in their families.
Private cord blood banks are for those people who wish to store the cord blood for future use, should the need for it ever arise. A private cord blood bank will often charge a hefty fee for collecting and then storing cord blood; it may set a family back by several thousand dollars. There is no guarantee that the stored cord blood will ever be utilized and that is something that should be kept in mind. It’s really like purchasing an insurance policy for your family. It is certainly a great investment especially if you know about family members who have suffered from genetic diseases. However in the case that you do not store your baby’s cord blood but need stem cell transplantation for yourself or a family member, then you can always try and see if a public cord blood bank can help you out.
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