Blood is a complex fluid composed of plasma and cellular elements. Plasma is 90% water and contains proteins, nutrients, gases, and waste products. Blood performs two major functions: transport of oxygen, nutrients, waste, and more throughout the body; and defense of the body. Red blood cells contain hemoglobin and transport oxygen and carbon dioxide. They are produced through erythropoiesis in the bone marrow and liver under regulation of erythropoietin hormone.