Cord blood banking services, or umbilical cord blood banking services, are used to preserve blood from the umbilical cord for future use. Cord blood (umbilical cord blood) is collected because it contains stem cells that can be used to treat genetic and hematopoietic disorders such as cancer. Cord blood is inter-related to cord blood banking, it is often a catch-all term used for the various cells stored. Cord blood can save lives, as it is rich in stem cells that can be used to treat diseases that harm the blood and immune systems, such as sickle-cell anemia, certain cancers, leukemia, and some metabolic disorders.
Stem cell banking is the process of collecting, processing, and storing potentially life-saving stem cells for future use. Stem cells have the potential to recreate and preserve the body, with their ability to develop into many types of blood and tissue cell. Stem cell therapies can be used to treat diseases and repair organs and damaged tissues. Cord blood stem cells can be used in transplants and therapies to treat more than 85 diseases, such as anemia, lymphomas, bone marrow cancer, and leukemia.
Thus, demand for cord blood banking is increasing every day, and it is a wise investment for future medical needs. Moreover, with the increasing prevalence of cancer, especially in the United States, the demand for cord blood banking services is also increasing at a rapid pace. According to the National Cancer Institute, in 2020, around 1,806,590 cases of cancer were expected to be diagnosed in the U.S., and 606,520 people were expected to die from the disease.