This condition occurs when the pulmonary alveoli (microscopic sacs in lungs where exchange of oxygen and carbon dioxide takes place) are starved of oxygen. In this condition, a substantial decrease is observed in the levels of partial pressure of arterial oxygen. Under normal circumstances, partial pressure of oxygen in arterial blood should be within 95 to 100 mmHg. When the partial pressure of arterial oxygen in the blood falls below 80 mmHg, one is diagnosed with severe hypoxemia.