As science progresses, new concepts, new treatments, new medicines came into existence. Stem cells are among them. Hence forth search for stem cells started and scientists found umbilical cord as good source which will be thrown as a biological waste during the delivery.
Many companies are started to offer this service. Unfortunately all the companies providing the service remain same. All of them hype the concept saying your baby will be protected against the 100/200 deadly diseases.
If you read the expert opinion, it will be clear that, banking is not required in normal cases. Royal college of obstetrics and gynecology is an organization providing guidelines to all the gynecologists.
Here is their opinion on Cord Blood Banking:
https://rcog.org.uk/files/rcog-corp/uploaded-files/SAC2UmbilicalCordBanking2006.pdf
Please spread the awareness on this to all the would be parents so that they will not be fooled by cord blood companies.
The shameful truth is, we do not have any regulation pertaining to stem cell banking. No regulatory authority to look after their pricing operations, quality, regulations and many more. The best example is Narayana Hrudayalaya by Dr.Devi Shetty.
They had the cheapest price among all the players. Today they have shut down their services. You do not find a single word of stem cells in their website. Do not know what happens to those families who have already opted for NH stem cell bank.