貧血 covers two things that English separates. Sense 1 is anemia proper — a shortage of red blood cells, a diagnosable condition. Sense 2 is the everyday use: the swimming, faint feeling that comes on when you stand up too fast or stand still too long.
Formation: 貧 'poor, lacking' + 血 'blood' — literally 'poor blood.'
Which sense is meant is usually clear from the verb. 貧血になる 'to become anemic' describes the condition; 貧血を起こす 'to have a dizzy spell' describes a single episode.
Collocations
- 貧血になる: to become anemic
- 貧血を起こす: to have a dizzy spell
- 貧血ぎみ: a bit anemic, inclined to dizziness
- 鉄欠乏性貧血: iron-deficiency anemia
Medical note: strictly, 貧血 means anemia. What people usually call 貧血 in sense 2 is orthostatic hypotension, 起立性低血圧 — a drop in 低血圧 on standing, which is a different thing. The loose usage is universal and no one will misunderstand you, but a doctor will make the distinction.