The present invention relates to a device for measuring a physiological parameter of a human limb such as peripheral capillary oxygen saturation. The device comprises a hollow elastic sleeve of a predetermined shape comprising a cavity for enclosing the limb; first and second arms, each comprising a hinge portion between a coupling portion and a handle portion, the coupling portion of the first and second arms being adapted to be coupled, respectively, to first and second diametrically-opposite longitudinal sections of the sleeve; and a physiological sensor for interacting with the limb enclosed in said cavity. The hinge portions are configured to mutually engage to form a hinge mechanism so that, by applying a compression force on the handle portions, the first and second arms rotate about the hinge mechanism expanding the cavity, allowing the limb to be received therein. Moreover, the hinge portions, when mutually engaged, are further configured to slide relative to each other.