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                                                                      EXHIBIT 23





                          Independent Auditor's Consent


The Board of Directors and Shareholders
Diametrics Medical, Inc.


We consent to the incorporation by reference in the Registration Statements
(Nos. 333-63689, 333-63687, 333-51951, 333-33257, 333-24169, 333-24167,
333-24079 and 33-83572) on Forms S-3 and S-8 of Diametrics Medical, Inc., of our
report dated February 2, 2001, relating to the consolidated balance sheets of
Diametrics Medical, Inc. and Subsidiary as of December 31, 2000 and 1999, and
the related consolidated statements of operations, shareholders' equity and
comprehensive loss, and cash flows for each of the years in the three-year
period ended December 31, 2000, which report appears in the Annual Report on
Form 10-K of Diametrics Medical, Inc.



                                                 /s/ KPMG LLP

Minneapolis, Minnesota
March 30, 2001
