Hypoxia, or insufficient dissolved oxygen, can be both a driver of biological function and a by‐product of disease. Hypoxia response in cells is a complex process, regulated by hypoxia‐inducible factor‐1. Single‐cell analysis allows both differences in hypoxia response and differences in oxygen transport to be studied. In this article, we discuss the biological aspects of hypoxia in both normal and diseased tissues and cells. We also review new and emerging analytical methods to study hypoxia, including microfluidic hypoxia systems, spectroscopic probes, and analyses for drug resistance, cell biology, and other applications.