What is umbilical cord blood banking in one simple paragraph?

cord blood bank

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Cord blood banking has become a crucial part of modern medicine, as it has been proven to save lives.
The blood found in a newborn’s umbilical cord, which was once considered medical waste, is now being collected and stored in private and public cord blood banks.
This blood contains stem cells that can be used to treat a range of diseases and disorders, including leukemia, lymphoma, and sickle cell anemia.
As more parents become aware of the benefits of cord blood banking, the industry continues to grow and save lives.
what is umbilical cord blood banking
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