“Growing Shift towards Private Cord Blood Banks”
- There is a growing shift towards private cord blood banks as more parents choose to store their newborn’s cord blood for potential future use, with companies such as Cryo-Cell International reporting a steady increase in new private storage subscriptions, driven by increasing consumer awareness
- Private cord blood banks offer families exclusive access to stored stem cells, which could be used for treating a range of conditions such as leukemia and blood disorders
- For instance, Cord Blood Registry has helped facilitate over 75,000 stem cell transplants worldwide, showcasing the real-world applications of stored cord blood
- Advancements in cryopreservation technologies are making private storage more attractive. ViaCord has pioneered improvements in long-term storage with its cutting-edge techniques, ensuring stem cells remain viable and effective for therapeutic use for many years after collection
- Marketing efforts and education about the potential health benefits of cord blood are driving parents to choose private banking services. Life Bank USA and other companies actively educate consumers about the potential for stem cells to treat conditions such as cerebral palsy and immune system diseases, resulting in increased demand for private storage
- As private cord blood banking grows, competition among providers has intensified. Ameri cord has responded to this by diversifying its offerings, adding services such as tissue banking along with cord blood storage, further appealing to families seeking comprehensive health preservation options for their children
