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Background: Obtaining the medical history from a patient is a tedious task for doctors as it depends on a lot of factors which are difficult to keep track from a patient’s perspective. Doctors have to rely upon technological tools to make a swift and accurate judgment about the patient’s health. Introduction: Out of many such tools, there are two special imaging modalities known as X-ray - Computed Tomography (CT) and Magnetic Resonance imaging (MRI) which are of significant importance in the medical world assisting the diagnosis process. Methods: The advancement in signal processing theory and analysis has led to the design and implementation of a large number of image processing and fusion algorithms. Each of these methods has evolved in the terms of their computational efficiency and visual results over the years. Results: Various researches have revealed their properties in terms of their efficiency and outreach and it has been concluded that image fusion can be a very suitable process that can help to compensate for the drawbacks. Conclusion: In this manuscript, recent state-of-the-art techniques have been used to fuse these image modalities and established its need and importance in a more intuitive way with the help of a wide range of assessment parameters.