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Hematocrit (Hct) is a blood test that measures the proportion of red blood cells in the blood. It is expressed as a percentage, with normal levels typically ranging from 38-52% for men and 36-48% for women. A low hematocrit level may indicate anemia, blood loss, or other medical conditions, while a high level can be a sign of dehydration, polycythemia, or lung disease. This test helps assess oxygen-carrying capacity and overall blood health.