New Delhi, November 15: Almost non-existent a few years ago in the country, stem cell banking is now a flourishing business with more and more people wishing to store their baby’s cord blood as a form of bio-insurance, even though it comes at a heavy price.
Cord blood storage is fast gaining momentum as a less traumatic alternative to treat neurological illnesses, and as a guarantee for the family against a host of diseases.
Stem cell treatment is a therapy in which new cells are injected into damaged tissues and banks generally charge anything between Rs 60,000 and Rs 80,000 to harvest the cord blood for private use.
Increased awareness about the benefits of stem cell therapies has led to mushrooming of several firms providing treatment and blood storing services in less than six years.
–PTI