Published Date : Feb 15, 2016
In recent years, many couples have realized the growing potential of umbilical cord blood, rendering cord blood banking an increasingly important trend. Choosing to bank umbilical cord blood gives parents the option of saving their child, relative, or even a stranger’s life in the event of a life threatening disease. Cord blood is extracted from the placenta and the umbilical cord after the child is born. The blood cells contained in the cord blood have the ability to renew themselves, which is why they are being stored in medical facilities around the globe.
Blood Banking Services Gains Impetus from Growing Awareness about Cord Blood Banking
The importance of cord blood banking is being realized by parents around the world, resulting in the increase in number of services offered banking units. These services include the collection as well as preservation of cord blood. Latin America is a key destination for cord blood banking, with the top players being Redcord SA, CrioCenter, Banco de Cordon Umbilical, and America Cell Biobank, Inc. These players offer a range of public cord blood banking services or private cord blood banking services and most of them operate in countries such as Colombia, Mexico, Brazil, and Argentina.
Cord Blood Banking Promoted by Rise in Stem Cell Research
Umbilical cord blood possesses the massive potential of becoming a key source of progenitor cells, used mostly for the reconstitution of tissues, organs, and others. In recent years, cord blood transplantation is used to treat a number of diseases such as lymphoma, sarcoma, leukemia, and other metabolic and immune disorders. In the past two decades, the stem cell industry has received excellent impetus from research organizations and governments in the form of major investments and funding.
With the host of future possibilities that cord blood banking presents, this market is anticipated to be a lifeline for generations to come.