The PaO2 is measured in a blood gas analyzer using a heparinized arterial blood sample.
It only measures the PO2 in plasma, and adequate oxygenation cannot be assured until the Hb concentration is known. Even then the relationship with CaO2 is non-linear.
Oxygen cascade
The normal PaO2 (13 kPa) is reached after a three stage fall from the atmospheric level (21 kPa), known as the oxygen cascade (Fig 1):