The cord blood banking industry has grown increasingly complex over the past few years. While rates of growth within the industry were robust during the early 2000’s, it is no longer the rapid growth market that it used to be. There is now increased market competition, tighter regulatory standards, more substantial government oversight, and increased public scrutiny given toward cord blood industry practices.
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How Congressional Support for Cord Blood Banking is Changing
While support for the private cord blood banking industry is mixed among parents and obstetricians, the industry appears to be gaining support on the legislative front. A major congressional decision is underway, as the “Family Cord Blood Banking Act” was introduced to the 113th Congress.
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