The stem cells in the umbilical cord blood can be used to cure many diseases. But a bank deprived of these cells does not make sense: most likely you don’t need your own cord but someone else’s that can save other’s lives.
When talking about the public vs private cord blood banking, in a private cord blood bank, although parents must pay for the collection, processing, and storage of it, it is specifically reserved for the family.
On the other hand, a public bank, although it does not represent any expense for the donor parents, does not save the blood for their children but they work to improve the possibility of donation throughout the world.
The main differences between public vs private cord blood banking;
▪Public umbilical cord blood banks serve patients around the world and find compatible patients who need it. Private Banks store umbilical cord blood for possible use by the donor family, although there is very little evidence for this use unless the family has a known genetic defect.
▪ Donation to a public bank of umbilical cord blood is free. Private umbilical cord blood banks charge a placement fee between $ 1,350 and $ 2,300 and an annual maintenance fee of between $ 100 and $ 175.
▪Public umbilical cord blood banks are very well regulated and supervised by accreditation institutions. Private umbilical cord blood banks do not always meet the stringent requirements, which can result in lower quality umbilical cord blood.
▪The using rate of umbilical cord blood stem cells is 30 times higher for public banks than private banks. It is also true that more donations of umbilical cord blood from ethnic / minority populations are needed to meet the growing need.
Research is evolving in this respect, which is good news for patients whose lives may one day depending on the donation of umbilical cord blood,” said Dr. Shearer.
More doctors are expected to talk about these options with parents who expect babies well in advance of delivery so they can understand the great benefit they provide by helping others who have a medical need.”
Public vs private cord blood banking features
- Individual rights to umbilical cord stem cells
In private storage banks, the client owns the cells, all rights are retained. But in public backs, the donor renounces the property when he makes the donation.
- The cost for donors
The customer pays a one-time processing fee and an annual storage fee in private bank. But there is no cost in public bank. Generally, there is no cost to the donor.
- Collection sites
The collection for family storage can occur virtually anywhere. On the other hand, the public bank has limited access to collection services. Public banks only collect umbilical cord blood in a limited number of places.
- Access to own cells
In private bank, practically the insured client controls the use of their cells. Besides, there are no guarantees – public banks have a service based on the fact that the first one that arrives is the one that is attended to.
According to the necessary, the cells of a donor may have been previously used by another person. In addition, only about 40% of donated umbilical cord blood meets the criteria for processing and storage; the other donated blood samples are discarded or donated for research.
Therefore, there is a reasonably high probability that a specific sample is not in the public bank’s inventory.
- Availability of samples for scheduled transplants
In private bank, immediate availability and compatibility are quickly confirmed. But in public bank, the search and compatibility process can take weeks or months; ultimately, a compatible sample may not be localized Public vs private cord blood banking
- Opportunity for compatibility
In private bank, Autologous (own): 100% compatibility is guaranteed. Brothers: the 1-in-4 probability that it is a perfect combination.
In public bank, it varies. It can be especially difficult to obtain compatible cells in public banks for ethnic minorities and mixed ethnic couples.