Is Cord Tissue Banking Worth It?
New Cord Tissue Research, Aggressive Product Development and Lower Prices Make Cord Tissue Banking More Appealing
New York – February 3, 2014 – When Americord validated its proprietary method for harvesting and preserving mesenchymal stem cells (MSCs) from placenta tissue late last year, it joined leaders in the global scientific community who are increasingly investing significant resources in what many researchers believe represents the future of stem cell-based medical therapies. Found in vast quantities in both cord and placenta tissue, MSCs have unique properties that scientists believe may make them invaluable in the treatment of numerous diseases and regenerative therapies.
Management believes Americord is the first cord blood banking company to harvest and store MSCs from both cord tissue and placenta tissue in the United States, and is the first to bring to market a way to collect and store MSCs from placenta tissue. MSCs are widely considered to be at the forefront of the cord blood banking industry.
According to BioInformant Worldwide, an organization that assembles data on the industry, “Trend analysis of grant activity, scientific publication rates, and patent applications trends reveal that global research activity involving mesenchymal stem cells (MSCs) increased 112 percent from 2009 to 2010, and 116 percent from 2010 to 2011. Of most interest is that this rate of growth accelerated throughout 2012, making mesenchymal stem cells the fastest growing area of stem cell research.”
MSCs are currently the subject of almost 50 clinical trials, including those investigating MSCs use in treatment of:
- Graft-versus-Host Disease
- Type 1 Diabetes
- Multiple Sclerosis
- Critical Limb Ischemia
- Hereditary Ataxia
- Liver regeneration
- Burn treatment
A complete list of these clinical trials can be found here or here. It has also been proposed that cord tissue could one day be used to treat heart disease, lung cancer, Parkinson’s disease, and injuries to bones and cartilage.
According to Transparency Market Research, a research organization based in Albany, New York, the global industry for cord blood banking services is expected to grow from USD 12.40 billion in 2012 to USD 15.23 billion in 2019. This growth is fueled by the expansion of affordable cord blood banking services, growing bodies of research, more stem cell transplants, and a wider range of stem cell products available.
Widely recognized as a high-quality affordable option for cord blood banking, Americord announced in early 2014 that as a result of its pricing and additional product offerings it was once again believed to be the fastest growing cord blood bank in the United States. Since 2011 the company has achieved revenue growth of more than 2200 percent.
“We are committed to being at the forefront of the cord blood banking industry with innovative products, services, and pricing,” said Americord CEO Martin Smithmyer. “Our investment in our proprietary method of collecting mesenchymal stem cells from placenta tissue is an example of how we offer expectant parents a level of quality and value that they won’t find with any other cord blood banking company.”