Recently, the wavelet transform has emerged as a cutting edge technology, within the field of image compression research. Telemedicine, among other things, involves storage and transmission of medical images, popularly known as teleradiology. Due to constraints on bandwidth and storage capacity, a medical image may be needed to be compressed before transmission/storage. This paper is focused on selecting the most appropriate wavelet transform for a given type of medical image compression. In this paper we have analysed the behaviour of different type of wavelet transforms with different type of medical images and identified the most appropriate wavelet transform that can perform optimum compression for a given type of medical image. To analyze the performance of the wavelet transform with the medical images at constant PSNR, we calculated SSIM and their respective percentage compression.