Hematopoiesis is the formation of blood cellular components from hematopoietic stem cells. Hematopoietic stem cells can differentiate into red blood cells, lymphocytes, or non-lymphocyte white blood cells. In fetal development, hematopoiesis occurs in the yolk sac and liver before shifting to the bone marrow in adults. Stem cells are capable of self-renewal and differentiation into various blood cell types. Growth factors play an important role in hematopoiesis by influencing the differentiation and proliferation of blood cell lineages from hematopoietic stem cells.