The “cord blood bank” or “umbilical cord blood bank” are – the private or public facilities which collect and store the umbilical cord blood for future use. The private facilities store cord blood with a link of the identity of the donor and can be retrieved in case of necessity. Cord blood contains hematopoietic stem cells, the progenitor cells which can form red blood cells, white blood cells and platelets.
The cord blood could be needed someday by the donor and could also be used by relatives who will have enough matches to receive a transplant from the donor, generally a sibling. Cord blood cells are currently used in stem cell therapy to treat blood and immune system related genetic diseases, cancers and blood diseases.