As you indicated, isoflurane concentration in artery and vein are under equilibrium state. This means that
P1.V1. in artery = P2. V2. in vein (gas laws); since the value of V in the artery is different than the value of V in the vein, P iso in the vien will be different than P iso in the artery and hence the concentration.
P1V1=P2V2== nRT; n is number of moles; R is the gas constant and T is the temperature (constant; 37 C).
Since n should be the same in vein and artery and the concentration is equal to n/V (number of moles/volume); and v in the vein is different from v in the artery accordingly the concentration will be different in vein and artery.