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The American College of Obstetricians and Gynecologists and the American Academy of Pediatrics don't recommend routine cord blood storage. The groups say private banks should be used only when there's a sibling with a medical condition who could benefit from the stem cells.

Cryo-Cell International Inc., founded in 1989, is the world's first private cord blood bank. More than 500,000 parents from 87 countries have entrusted Cryo-Cell International with their baby's cord blood and cord tissue stem cells.

The 7 Best Cord Blood Banks of 2023 Best Overall: Cord Blood Registry (CBR) Best Value: Americord. Best Customer Support: Cryo-Cell. Best Variety and Flexibility: StemCyte. Best for Families With Medical Conditions: Vi. Best for Placenta Banking: Lifebank USA. Best Processing Time: MiracleCord.

The Cost of Private Cord Blood Banking ing to the AAP, you can expect to pay between $1350 and $2350 for collecting, testing, and registering. You'll also pay $100 to $175 in annual storage and maintenance fees.

The 7 Best Cord Blood Banks of 2023 Best Overall: Cord Blood Registry (CBR) Best Value: Americord. Best Customer Support: Cryo-Cell. Best Variety and Flexibility: StemCyte. Best for Families With Medical Conditions: Vi. Best for Placenta Banking: Lifebank USA. Best Processing Time: MiracleCord.

Doctors do not recommend that you bank cord blood on the slight chance that your baby will need stem cells someday. If your baby were to need stem cells, he or she would probably need stem cells from someone else rather than his or her own stem cells.

It is very unlikely that anyone in your family will ever need your baby's cord blood. Doctors worry that the advertising done by private cord blood banks may make some parents feel guilty if they do not want or cannot pay to store their baby's cord blood.