Public vs Private Cord Blood Banking: Key Differences

Introduction

Most couples who visit their healthcare provider for prenatal appointments are often presented with the prospect of safeguarding their child and family’s health in the future via cord blood banking. Expectant parents are left discussing whether they would like to opt for this service or not. And if they do, which is a better option for them: public or private cord blood banking?

Cord blood and cells are known to treat 80+ diseases, making cord blood banking a vital medical resource for families. As expectant parents consider the best options for their newborn’s health, one of the critical decisions involves whether to opt for public or private cord blood banking.

Understanding the key differences between public and private cord blood banks can help families make informed choices tailored to their specific health needs and financial considerations.

If you are unsure about which is better for your family, here’s an informative blog that provides a comprehensive comparison between the two banking options.

Cord Blood Banking & the Use of Stem Cells

Cord blood banking is the process of collecting and preserving the blood that remains in the umbilical cord and placenta after childbirth. This blood is rich in hematopoietic stem cells, which possess regenerative abilities (the ability to develop into all types of blood cells, including red blood cells, white blood cells, and platelets).

The regenerative property of stem cells is utilised in the treatment of various health conditions.

Currently, proven medical uses of cord blood include the treatment of blood cancers such as leukaemia and lymphoma, immune system disorders, and genetic diseases. Due to its unique regenerative capabilities, cord blood also holds promise for future therapies in conditions such as cerebral palsy, Type 1 diabetes, and other autoimmune or neurological disorders.

What is Public Cord Blood Banking?

To determine which type of cord blood banking is better for your family, it is essential to understand what they are and how they work.

Public cord blood banking is the process of collecting the cord blood at the time of the child’s birth and storing it in a community bank.

How does public cord blood banking work?

• During childbirth at the partner hospital, the cord blood is collected with parental consent and sent to a public bank that adheres to strict quality standards.
• The donated stem cells are tested, processed, and stored without any cost to the donor family.
• The cord blood stored is available to any family that has access to the community pool of samples, provided they are a match.

The public registry is accessible to transplant centres globally, aimed at helping patients who need stem cell transplants.

Advantages of public cord blood banking

• No donation cost is involved.
• Strict quality control measures are followed to ensure the viability of stem cells for transplantation.
• Advantages of community contribution

Limitations of public cord blood banking

• No guaranteed family access: The stem cells are available to any matching patient worldwide, and most often, the family will have little or no access to their samples.
• Stringent acceptance criteria: Not all cord blood donations meet the requirements.
• Limited control: Once the cord blood is donated, the family has limited control over retrieving it for use.

Public banking is ideal for families without a specific medical history or high-risk factors, but who still wish to contribute to societal health.

How is Private Cord Blood Banking Different?

In contrast to public cord blood banking, private cord blood banking is a family-oriented service where parents pay to store their child’s cord blood exclusively for personal use. It is a form of ‘family cord blood banking’ that ensures immediate access to the stem cells if needed.

Saving cord blood in a private bank allows families to preserve their newborn’s cord blood and access it when the need arises in their family.

How it works

• After childbirth, parents are required to pay an initial processing fee.
• The cord blood is then preserved in a private, accredited facility with annual storage costs.

Advantages of private cord blood banking

• Complete ownership and guaranteed access to the stored stem cells.
• Higher success rates for stem cell transplants.
• Potential for future personalised therapies as research advances.

Likelihood of using privately stored cord blood

The probability that the child or family will use the privately stored cord blood is very low. Most children never need a stem cell transplant, meaning private storage is more of a precaution rather than a necessity for most families.

What is the cost of Public and Private Cord Blood Banking?

The cost of private cord blood banking includes processing fees ($1,500-$2,500) and annual storage fees ($150-$300).

While private banking may appear costly, some insurance companies and health savings plans may partially cover these costs. Always check with your insurance provider.

On the other hand, public cord banks have no cost but do not guarantee family access.

For most families, the low probability of personal use might tilt the decision in favour of public donation, supporting larger health initiatives while avoiding ongoing costs.

Quality & safety standards for Cord Blood Banks

Cord blood banks must be accredited by organisations such as the AABB (American Association of Blood Banks) and FACT (Foundation for the Accreditation of Cellular Therapy), ensuring that both private and public banks adhere to stringent standards for collection, processing, and storage.

When choosing a cord blood banking facility, verify the certifications and accreditation of the cord blood bank and ensure it complies with local regulations. This assures the highest quality, safety, and viability of stored stem cell

Public vs Private Cord Blood Banking

Here’s a closer comparison between the two types of cord blood banking:

How to Choose the Right Cord Blood BanSk for Your Family?

We understand the dilemma that families and couples face when deciding between public and private cord blood banking. Here are a few tips that can help you determine what is best for your family:

Choose private banking:

• If there is a family history of treatable blood diseases, such as leukaemia, sickle cell anaemia, etc
• In case of high-risk pregnancies or tests reveal that genetic predispositions exist in the unborn child
• If you belong to a mixed race or ethnic minority
• If you desire immediate, guaranteed access for your child or other family members
• If your budget permits

Opt for public banking if:

• There are no known health risks or familial conditions
• You wish to contribute to the community and support global health efforts
• Budget constraints make private banking cost-prohibitive
• You want to keep future options open without significant expenses

Takeaway: Making an Informed Choice

Choosing between public and private cord blood banking is a significant decision that couples need to make, often influenced by medical, financial, and ethical considerations. While public cord blood banks offer an altruistic way to support society at a zero cost, private banks provide peace of mind with guaranteed access to stem cells. However, it comes with significant costs.

Ultimately, understanding the advantages of public cord blood banking—such as community contribution, strict quality controls, and no expenses—makes it an attractive option for most families. Conversely, private banking can be invaluable for families with specific medical histories or high-risk factors.

Frequently Asked Questions (FAQs) on Cord Blood Banking

1. Can donated cord blood be retrieved for family use?

Once cord blood is donated to a public bank, the stem cells from the cord blood are not reserved exclusively for the individual family’s use. However, with a larger community pool, one can always find a match when needed.

2. How do I determine which option is the best fit for me?

Evaluate your family’s health history, financial readiness, and desire to contribute to the greater good. Consulting with your healthcare provider can also offer personalised insights to help you make a better choice.

3. Is private cord blood banking worth it?

For most families without a known family history of treatable diseases, the probability of ever using the stored cord blood is low with private cord blood banking. However, for those with high-risk relatives, it might be a better option than public cord blood banking.

4. What happens if a private bank goes out of business?

Reputable private banks are insured and subject to regulation. However, families must always verify the bank’s accreditation and ensure their stored stem cells are protected under long-term agreements.