Cord Blood Registry was the first cord blood bank to begin offering umbilical cord tissue storage within the United States, a service which it initiated in July 2010. Now, nearly half of private U.S. cord blood banks offer the service. A more in-depth analysis of the rate of market penetration within the U.S. is given below. When an analysis of cord tissue storage was first completed by BioInformant in 2013, only nine companies where offering the service in the United States. These companies are shown in the table below.
TABLE. U.S. CORD BLOOD BANKS OFFERING CORD TISSUE STORAGE IN 2013
|#||Company||Website Link about Cord Tissue Storage|
|2||Cord Blood Registry||http://www.cordblood.com/benefits-cord-blood/cord-tissue|
|7||New England Cord Blood Bank||https://cordbloodbank.com/what-is-cord-tissue/|
|8||The Genesis Bank||http://www.thegenesisbank.com/cord-tissue-cord-blood-banking|
As of 2015, there are 17 cord blood banks within the U.S. that offer cord tissue storage, an 89% increase over approximately a two-year period. This means that nearly half of private U.S. cord blood banks are now offering the service.
A list of U.S. cord blood banks now offering the service of cord tissue storage is shown below.
TABLE. U.S. CORD BLOOD BANKS OFFERING CORD TISSUE STORAGE IN 2015
Interestingly, the percentage of cord blood banks offering cord tissue storage internationally is lower than within the United States. On a global basis, BioInformant Worldwide, LLC, estimates that between 30-35% of cord blood banks now offer the service of cord tissue storage to complement their cord blood storage services.
Global Analysis for the Pricing of Cord Tissue Storage
Pricing for umbilical cord tissue storage is being handled a number of different ways by private cord blood banks, as shown in the table below.
TABLE. PRICING STRUCTURES FOR CORD TISSUE STORAGE
|Stand-Alone Service||As a stand-alone, independent service (cord tissue banking only). Most commonly, this service is priced as an up-front collection fee and an annual storage fee.|
|Combined Service||As a combined service of cord blood banking and cord tissue banking together.|
|Full-Spectrum Package||As a full-spectrum package of cord blood banking, cord tissue banking, and placental banking (in the U.S. this is offered by LifeBank USA and Americord).|
Regardless of the pricing package or structure, the average price range for cord tissue storage is currently between USD $125 to $175 per year (approximately Euro €100 to €150).
The ability to generate predictable revenue streams from the service of cord tissue has made the service increasingly popular among cord blood banks worldwide. Furthermore, interest in the service of cord tissue storage has continued to grow among expectant parents, both in the U.S. and globally, as anticipated applications for cord tissue derived mesenchymal stem cells (CT-MSCs) have expanded.
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Click here to view the “Complete 2015-16 Global Cord Blood Banking Industry Report” or view all of BioInformant’s reports for the stem cell and cord blood industry.
 LifebankUSA, (2014). Cord Blood Banking Pricing | LifebankUSA. [online] Available at: http://www.lifebankusa.com/enrollment/lifebankusa-pricing/#.VFgMuPnF91U [Accessed 3 Nov. 2014].
 Umbilical Cord Blood Banking and Cord Tissue Banking, (2014). Cord Blood Banking Cost | Americord. [online] Available at: http://americordblood.com/cord-blood-costs-and-services [Accessed 1 Nov. 2014].