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The perceived cost of storing your baby’s cord blood or cord tissue with a family cord blood bank should not be a deterrent. Not only does the long-term value of storage outweigh the absolute cost, but the flexible payment plans available also reduce the financial impact on you and make cord blood banking a fairly affordable option.
The growing awareness about the benefits of cord blood banking and cord components’ stem cell treatments is resulting in an increasing number of would-be parents wanting to know more about this important healthcare service. As is to be expected, one of the factors that impacts their decision to opt to store their baby’s cord blood or cord tissue is the cost of the service and the resultant financial implications on the family.
Our suggestion to expectant parents is to not consider the cost only in absolute terms- which is also quite inexpensive when one takes a long-term view, as we will show later in this article. More importantly, consider both the value of cord blood banking as well as the cost of not doing so. Let us delve a bit deeper into these.
The costs of cord blood storage in Singapore
The reality is that the absolute cost of storing a baby’s cord blood with any family cord blood bank in Singapore is likely to run into a few thousand dollars. However, before this pricing turns you away, there are quite a few factors that you should take into account, especially if you are considering Cryoviva as your cord blood bank.
Value of cord blood storage is realized when need arises
In many ways, an ‘investment’ in storing a baby’s cord blood with a family cord blood bank is akin to one taking out most forms of insurance. Of course, let us state very clearly that it is not the same as (or a replacement for) a health insurance policy.
We draw this analogy only to highlight that the key premise behind both, an insurance policy and storing cord blood, is very similar: the need to be prepared for eventualities that may or may not occur, while recognizing that the lack of preparation can be extremely costly in monetary and non-monetary terms.
For one, stem cells from your baby’s stored cord blood or cord tissue have the potential to save a life (the baby’s or a close family member’s), the value of which is impossible to determine.
Moreover, there are a growing number of ailments for which stem cells from umbilical cord components are being used for treatment. Not having stored stem cells deprive one of the opportunity to use these in the unfortunate event that these become necessary and having to turn to other forms of treatment that could be both cumbersome and more expensive.
Don’t let cost of cord blood banking deter you
In conclusion, we would like to reiterate that the cost of storing your baby’s cord blood may not be as high as you think it is. Most parents invest significantly higher amounts in putting their children through a range of enrichment activities.
In comparison, wouldn’t you agree that the preparation for long-term health eventualities is a small price to pay?
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Interested in finding out more about cord blood banking in Singapore? Contact us now through the form on this page or WhatsApp us on +65- 83398482 and let our customer service consultants address your queries.
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