The 1990's witnessed an explosion of wavelet-based methods in the field of image processing. This paper will focus primarily on wavelet-based image compression. We shall describe the connection between wavelets and vision and how wavelet techniques provide image compression algorithms that are clearly superior to the present JPEG standard. In particular the wavelet-based algorithms known as SPIHT, ASWDR, and the new standard JPEG2000, will be described and compared. Our comparison will show that, in many respects, ASWDR is the best algorithm. Applications to denoising will also be briefly referenced and pointers supplied to other references on wavelet-based image processing.