The human body has unspecialized cells called stem cells. Embryos and adults both have stem cells. In addition to their potential for self-renewal and multidirectional differentiation, stem cells are also known as “universal cells” and “seed cells”. It has also been called a “life bank” because stem cells are collected, prepared, stored, and used for research.
Nowadays, many diseases like blood cancer can be treated with cord blood that was previously thrown away.4 Stored cells can be banked or preserved for long periods, making them available for immediate treatment when needed and preventing disease progression.
Read this article that discuss the current trend, benefits, and challenges in the stem cell banking.