Thalassemia is a genetic blood disorder characterized by reduced or absent globin chains that make up hemoglobin. There are two main types: alpha thalassemia affects alpha globin production and beta thalassemia affects beta globin production. Thalassemia major occurs when defective genes are inherited from both parents and results in severe anemia requiring lifelong blood transfusions and iron chelation therapy to remove excess iron from transfusions. Management involves regular blood transfusions to maintain hemoglobin levels, chelation therapy to remove excess iron from transfusions, and potentially spleenectomy. Prognosis depends on treatment adherence but most patients can survive into their 30s with supportive care.