1. A method for compressing 2D images, the method comprising: determining a depth map for each of a plurality of sequential 2D images of a 3D volumetric image, each depth map including a plurality of depths that correspond to points in the corresponding 2D image, each depth corresponding to a depth of a point in the 3D volumetric image that is representative of an intensity of the point in the 2D frame; determining coordinate transformations between the 2D images based on the depth maps and a geometric relationship between the 3D volumetric image and each of the 2D images; performing a lifting-based view compensated wavelet transform on the 2D images using the coordinate transformations to generate a plurality of wavelet coefficients; and compressing the wavelet coefficients and depth maps to generate a compressed representation of the 2D images.