Medical image analysis involves processing visual representations of the interior of the body created through modalities like MRI, CT scans, x-rays, and others. The goals of medical image analysis are to develop computational methods to analyze biomedical data, enable patient-specific modeling, and further understand disease processes. Key steps involve image segmentation to identify structures, statistical analysis using techniques like classification, clustering and shape analysis to help answer clinical questions, and image-based modeling of physiological functions.