This document discusses pulse oximetry, which measures the amount of oxygenated hemoglobin in the blood. It describes how the first oximeter was introduced in 1935 and improved upon in 1972. A pulse oximeter uses light-emitting diodes and photodetectors to measure how much red and infrared light is absorbed by oxygenated and deoxygenated hemoglobin, allowing it to calculate blood oxygen saturation levels in a non-invasive manner based on Beer-Lambert law. The principles, components, procedure, factors affecting readings, and purposes of pulse oximetry are outlined.