"Oxygen homeostasis" is the best I can think of.
Don't forget the other half of the oxygen equation: carbon dioxide is an important waste gas and failing to remove carbon dioxide is just as much a problem as failing to deliver enough oxygen.
You could refer to "oxygen homeostasis" if you wanted to just refer to ...
I think that it boils down to taking a Latin name and removing the case ending to get an acceptable English adjective. Given that it might be a purely linguistic situation, it's possible another SE site would be better (English language?), but this topic is definitely relevant to biologists, as they're probably the ones who run into it most frequently.