This document discusses potential alternatives to blood transfusions known as blood substitutes. It begins with some background on the need for blood substitutes due to limited blood supply and risks of transfusion. Two main types of blood substitutes are then described - volume expanders like crystalloids and colloids, and oxygen-carrying products like hemoglobin-based oxygen carriers and perfluorocarbon emulsions. The document focuses on hemoglobin-based oxygen carriers, outlining different acellular and cellular formulations and some examples that have undergone clinical trials. Overall it provides an overview of the history and development of blood substitutes.