A storage facility that collects Cord Blood after the birth of the child is known as a cord blood bank. Stem cells, known for their therapeutic use, can be obtained in abundance from cord blood. In the next few years, there is expected to be a 30% growth in the cord blood industry. Even though more revenue is being shared by the public cord blood banks as compared to private banks, increase in awareness of the tremendous potential that can be derived from stored cord blood and funding of medical research centers by private players has led to the growth the stem cell market in the Delhi NCR region.

Some of the advantages of private cord banking facilities over community banking is that the collection of blood for family banking can happen virtually anywhere but public cord blood banks collect blood only at selected locations. In private banks, the client has full rights to the stem cells stored for him but in public banks, the donor relinquishes ownership upon donation. One of the benefits of storing blood at a public cord bank is that there is no cost for donating whereas in private banks, the client has to pay a onetime processing fee in addition to annual storage fees. Once a donation of cord blood has been made to a private bank, the client can be rest assured knowing that cord blood is available if needed whereas in a public bank the client might never find the stem cells he is looking for.

Public banks and private banks both offer some advantages and some disadvantages to cord blood collection, but since in public banks most of the donations are not profitable for long-term treatments so they are discarded or used for research. While a donation can save a life, you may not retrieve stem cells for your family when you require them if you decide to donate cord blood to a public bank. My cord, Gurgaon’s best cord blood banking facility is the most favorable option for your family to store your child’s cord blood since the service provided at our centers is personalized and we possess state of the art blood storing arrangements.

The post Private vs Public Banks appeared first on mycord.