This document discusses hypovolemic shock, which is characterized by decreased circulating blood volume resulting in reduced tissue perfusion. It can be hemorrhagic, due to blood loss from wounds or internal bleeding, or non-hemorrhagic from digestive, renal, skin or third space losses. The pathophysiology involves a macrocirculatory reaction with centralization of circulation and microcirculatory changes impairing capillary function. Treatment involves stopping losses, aggressive volume resuscitation with isotonic fluids, monitoring for efficacy, and inotropic support if needed to boost cardiac output after volume is restored.