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Arterial blood gas analysis applies blood gas analysis to a sample taken from an artery, providing a time-specific observation of systemic arterial gas tensions and acid-base state. Arterial oxygen partial pressure concerns oxygen tension, while arterial carbon-dioxide partial pressure and pH provide different information. The arterial qualifier is a sampling condition, not merely a label attached to any blood result.^[ref]

The measurement chain includes obtaining an identified sample, preserving its gas composition and analyzing it with a checked instrument. Air contamination, fluid contamination and analysis delay can change the specimen after it leaves the circulation. A reproducible analyzer reading cannot repair a specimen that no longer represents the intended physiological state.^[ref]

Equal oxygen tension need not mean equal arterial oxygen content. An original illustrative carrier model writeswhere $H$ is hemoglobin concentration, $s$ its oxygen-bound fraction and $h$ the carrier capacity per gram. Choose $h=1.34$ mL/g, $\alpha =0.003$ mL/(dL·mmHg), $s=0.98$ and $P_{\mathrm{a}{O}_2}=100$ mmHg. Samples with $H=15$ and $H=7.5$ g/dL then contain about 20.00 and 10.15 mL O${}_2$/dL, respectively. They have identical stipulated tension and saturation but very different oxygen content. The constants define the illustration; these are not patient results or diagnostic thresholds.

Interpretation also depends on the conditions when the sample was obtained. Inspired oxygen fraction, ventilator settings when applicable and sampling time help distinguish a changed respiratory state from a changed measurement condition. A later pulse oximetry reading is neither a simultaneous sample nor a measurement of carbon-dioxide tension.

Arterial blood gas analysis supplies evidence about gas transport and acid-base balance, but no individual number alone identifies the entire cause of an abnormal result. Measured co-oximetry and calculated oxygen saturation should also be distinguished when unusual hemoglobin species matter.^[ref]

Hypoxemia, also spelled hypoxaemia, is reduced oxygenation of arterial blood. Its characterization must identify what was measured: arterial oxygen partial pressure, oxygen saturation and arterial oxygen content are related quantities with different meanings. Hypoxia concerns inadequate oxygen availability to tissue, rather than simply naming an arterial measurement.

An arterial blood gas analysis measures the pressure of dissolved oxygen. Pulse oximetry instead estimates oxygen saturation optically; its output is not a direct partial-pressure measurement.^[ref] This distinction explains why the observation and instrument should accompany a report of reduced oxygenation.

A counting example separates saturation from oxygen amount. Suppose 100 available hemoglobin binding sites have 90 oxygen molecules bound: the occupied fraction is $90/100=0.90$. Doubling the number of sites to 200 while keeping that fraction gives 180 bound molecules. The saturation is unchanged although the amount bound has doubled. This is a constructed binding-site count, not a conversion between oxygen saturation and partial pressure.

Likewise, oxygen carried per unit blood and blood delivered per unit time enter different factors. If $C_a$ is arterial oxygen content and $Q$ is blood flow, then the transported amount per unit time is $Q{C}_a$. Stipulated values $C_a=0.20\mathrm{L}{\mathrm{L}}^{-1}$ and $Q=5\mathrm{L}\mathrm{mi}{\mathrm{n}}^{-1}$ give $1\mathrm{L}\mathrm{mi}{\mathrm{n}}^{-1}$; halving $Q$ halves that transport without changing $C_a$. The example shows why one arterial oxygen measurement cannot by itself describe oxygen delivery to every tissue. It is not a diagnostic reference range or a treatment rule.

The oxygenation ratio, often called the P/F ratio, divides arterial oxygen partial pressure by inspired oxygen fraction:The denominator is a fraction, not a percentage number. Since it is dimensionless, the ratio retains the pressure units used in the numerator. An arterial blood gas analysis provides the partial-pressure measurement; its measurement target differs from oxygen saturation.^[ref]

For a constructed example, $P_{\mathrm{a}{O}_2}=75\mathrm{mmHg}$ and $F_{\mathrm{I}{O}_2}=0.50$ give $R=150\mathrm{mmHg}$, approximately $20.0\mathrm{kPa}$. Dividing by $50$ instead would give a result 100 times too small. Values expressed in kilopascals cannot be compared numerically with values expressed in millimeters of mercury without unit conversion.

The 2012 Berlin definition used this ratio in characterizing acute respiratory distress syndrome. That historical consensus also considered other syndrome criteria; the ratio alone does not establish the syndrome.^[ref] The inspired fraction and respiratory-support conditions must be recorded alongside the arterial measurement. Changing the denominator is not an experiment showing that arterial partial pressure must change proportionally.

A first-order uncertainty propagation calculation shows why both measurements matter:If independent standard uncertainties are stipulated as $3\mathrm{mmHg}$ and $0.02$ for the example above, each relative uncertainty is $0.04$. Their quadratic combination gives a relative standard uncertainty $\sqrt{0.04^2+0.04^2}\approx 0.0566$, or about $8.5\mathrm{mmHg}$ in the ratio. This example concerns measurement arithmetic, not a diagnostic threshold.