Thalassemia is a hereditary blood disorder caused by mutations or defects in genes that control the production of hemoglobin. There are two main types - alpha thalassemia affects alpha globin genes and beta thalassemia affects beta globin genes. Thalassemia major occurs when an individual inherits defective genes from both parents, resulting in severe anemia symptoms within the first two years of life. Management involves regular blood transfusions, iron chelation therapy to remove excess iron, and supplements. Complications can include heart and liver disease, bone abnormalities, and growth delays if left untreated.