<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>3
<FILENAME>icu_10kex21-1.txt
<TEXT>
<PAGE>

                                                                    EXHIBIT 21.1

                           SUBSIDIARIES OF REGISTRANT
                           --------------------------


         NAME                                          STATE OF INCORPORATION
         ----                                          ----------------------

Budget Medical Products, Inc.                              California

ICU MedEurope Limited                                      United Kingdom

SetFinder, Inc.                                            Delaware

BMP de Mexico, S.A. de C.V.                                Mexico


                                       43

</TEXT>
</DOCUMENT>