The cord blood industry came into existence in the early 1990’s with the formation of several cord blood banks in the U.S. and worldwide. It has been 40 years since it was first proposed that stem and progenitor cells were present in human cord blood. [Read more…]
The Best Cord Blood Bank of 2023: Which One Should You Choose?
After choosing a name for your newborn, the next decision you’ll need to make is whether or not you want to save their cord blood. It’s a choice you will need to make swiftly, as the window to successfully store your child’s cord blood and cord tissue is a relatively small one.
While there is a lot of information available for expecting parents, sifting through all the options to find the best cord blood bank can be overwhelming, especially if you’re not exactly familiar with all the terms and technology. [Read more…]
How is Public Cord Blood Banking Funded?
Currently, it costs a public bank approximately USD $2,000 to collect, test, and process a unit of cord blood for storage. In order to accept donations at no cost, public banks require income to support themselves. This income can come from federal funding, the profit margin of private banking, or from selling donated cord blood units for research. Alternatively, it can come from a combination of the above.
Cord Blood Industry Consolidation Escalates in 2022
The global cord blood industry experienced strong growth from the early 1990’s through the late 2000’s, during which time more than 450 cord blood banking companies emerged worldwide. Approximately half of those companies owned their own labs, while the others were marketing entities or sub-contractors of storage space.
Starting about ten years ago, the market suddenly changed course. It entered a period of aggressive consolidation, cutting the global number of cord blood banks by approximately half.
Over the past decade, the cord blood industry has witnessed substantial consolidation, particularly within the United States, Europe, Asia, and Latin America. [Read more…]
List of U.S. Cord Blood Banks – Public, Private, and Hybrid
Looking to make a decision about U.S. cord blood banks? The sortable list below includes all Public, Private, and Hybrid Cord Blood Banks in the United States.
- Private cord blood banks store cord blood units for private use by individual families (for a fee)
- Public cord blood banks store cord blood donations for public use (free of cost)
- Hybrid cord blood banks offer both public and private cord blood banking services
For those analyzing cord blood market dynamics, Cord Blood Registry (CBR) is the largest U.S. cord blood bank with over 925,000 cord blood and tissue units in storage. The next two largest cord blood banks within the U.S. are Viacord and Cryo-Cell.
In aggregate, there are a large number of public and private banks of varying sizes, as shown in the table below.
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