Thrombocytopenia refers to a decrease in platelets in the blood. It can be caused by vitamin deficiencies, medications, liver failure decreasing thrombopoietin production, or conditions like ITP or leukemia. Symptoms include bruising, petechiae, nosebleeds, and fatigue. Diagnosis involves blood tests to check counts, functions, and potential causes. Treatment focuses on addressing the underlying cause and sometimes administering platelet transfusions for newborns with thrombocytopenia.