August 16, 2023 by Marjorie R. Rogers, MA (English), Certified Consultant
It’s critical to consider your budget when looking for the best cord blood bank in Dubai.
Choosing the finest option that meets your financial needs might be difficult because so many possibilities are available.
In this blog post, we’ll review some advice on locating an affordable and dependable cord blood bank in Dubai.
So let’s get started and investigate the numerous elements you should consider when looking for a cord blood bank in Dubai that fits your budget.
Why Should You Consider Cord Blood Banking?
One advantage of banking cord blood is a rich reservoir of stem cells that can treat a wide range of illnesses and disorders for the infant and other family members. Also, it offers a rare chance to obtain a biological health insurance policy. A quick and painless procedure called cord blood banking protects a precious resource that has the potential to save lives. It is carried out immediately without endangering either the mother or the newborn.
It uses non-invasive methods to harvest blood from the umbilical cord, making it a desirable alternative for parents who want to ensure their family’s safety without discomfort or difficulties.
Types Of Cord Blood Banks
The two major types of cord blood banks are given below:
Public Cord Blood Banks
These banks are essential for patients worldwide to receive transplant units. These nonprofit banks uphold high standards to guarantee safety and quality and are frequently connected to hospitals or research facilities. They enhance medical research and the development of novel treatments by making these units available.
Private Cord Blood Banks
They offer security and potential stem cell sources by storing cord blood solely for the family. However, they have high collection and storage costs and a low likelihood of use. According to experts, most families don’t benefit from private cord blood banking, and the decision between public and private banking depends on personal preferences and economic factors.
How To Find An Affordable Cord Blood Bank?
It’s crucial to locate a budget-friendly cord blood bank for a number of reasons. First, the cost of cord blood storage can differ significantly between banks.
Parents can ensure they are not overextended financially by locating an economical solution.
Furthermore, a cost-effective cord blood bank enables more families to use this important resource, expanding the overall accessibility of potentially life-saving therapies.
Given below are the steps that will help you find a reliable cord blood bank at affordable prices:
There are several crucial aspects to research while looking for a cheap cord blood bank. First and foremost, it is essential to examine the bank’s accreditation and certificates carefully.
Search for establishments that have received accreditation from respectable bodies like the Foundation for the Accreditation of Cellular Therapy or the AABB (previously known as the American Association of Blood Banks) (FACT).
Thanks to these accreditations, you can feel secure knowing that your baby’s cord blood will be handled and stored according to strict quality and safety standards.
2. Cost Comparison
While looking for a cord blood bank that is reasonably priced, a thorough budget comparison is imperative because costs can vary greatly.
You can get the most value for your money, pick a bank that matches your budget, gives the services you need, and offers quality assurance by comparing the structures and costs of different banks.
By assessing the long-term financial commitment of cord blood storage, this analysis aids in making wise choices depending on one’s financial circumstances and objectives.
Finding the most cheap alternative and a financially responsible choice for your baby’s cord blood storage requires comparing the prices of several cord blood banks.
3. Evaluate The Quality Of Service And Reputation
When choosing an economic cord blood bank, it is essential to assess the service level and reputation for a number of reasons.
First off, the knowledge and experience of the bank are crucial to the security and efficacy of cord blood storage and transplantation.
Stringent procedures will be in place at a recognized cord blood bank to guarantee that cord blood is collected, processed, and stored with the highest care and in accordance with industry standards.
A trustworthy bank will also have a history of successful transplants, demonstrating its capacity to offer viable and high-quality stem cells when required.
4. Look For Financial Assistance
Those looking for financial support to pay for a cord blood bank have a lot of possibilities.
One choice is to look into and submit an application for grants created especially to assist with the expenditures related to cord blood banking.
Families in need, especially those with medical issues or a family history of particular diseases, can apply for these funds from a variety of organizations and institutions.
Also, to help make their services more available to a larger range of people, certain cord blood banks themselves can have financial assistance programs in place.
Select An Affordable And Reliable Cord Blood Bank
Several cord blood banks in Dubai might provide entry-level packages that include the collection, processing, and long-term storage of cord blood. These bundles may cost anything between AED 10,000 and AED 20,000.
Annual storage fees and services like testing or transportation may incur additional costs.
For AED 30,000 to AED 40,000, some cord blood banks provide comprehensive packages that include cord tissue and dental pulp storage, providing extra advantages and possible medical applications.
The cost of cord blood banking packages ultimately depends on the features and services offered, the cord blood bank’s standing and accreditation, and the services and options provided.
Before making a choice, conducting an in-depth study and comparing the available cord blood banking choices is advised.
About Author (Marjorie R. Rogers)
The inspiring mum of 6 who dedicates her time to supporting others. While battling with her own demons she continues to be the voice for others unable to speak out. Mental illness almost destroyed her, yet here she is fighting back and teaching you all the things she has learned along the way. Get Started To Read …