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A pulse oximeter probe applied to a person's finger. A pulse oximeter is a medical device that indirectly monitors the oxygen saturation of a patient's blood (as opposed to measuring oxygen saturation directly through a blood sample) and changes in blood volume in the skin, producing a photoplethysmogram.ulse oximetry is a non-invasive method for monitoring a person's O 2 saturation.
What Does a Pulse Oximeter Reading Mean. Pulse oximeter is a medical device you can use if you want to know the level of saturation of oxygen in your blood. The readings produce by this device are accompanied by the respiratory rate as well as by the percentage of oxygen a person is able to breathe in.here is this model of pulse oximeter known as finger pulse oximeter. This model is able to measure the saturation of hemoglobin together with the oxygen. In a normal situation, each gram of hemoglobin holds 1.34 milliliters of oxygen. The percentage is based on this normal reading.