Artificial intelligence advancements, particularly deep learning algorithms, are helpful for identifying, classifying, and rating designs in clinical images. Clinical diagnosis and scientific research both rely heavily on medical image analysis. The diagnosis of medical conditions frequently involves medical image acquisition techniques like pathology, computed tomography, magnetic resonance imaging, ultrasound, and x-ray. Transfer learning stands out from other deep learning techniques thanks to its simplicity, effectiveness, affordable training costs, and capacity to escape the dataset curse. The diagnosis of anomalies including Alzheimer's disease, diabetic retinopathy, colon cancer, breast cancer, and pulmonary nodule can be made using the medical imaging techniques combined with datasets and computer vision. These approaches are helpful in non-invasive qualitative and quantitative analysis on patients. However, labelling in medical images are still scarce. This paper mainly reviews the application of transfer learning in medical image analysis. Beginners can benefit from this review paper's guidance as they gain a thorough and organized understanding of transfer learning applications for the analysis of medical images. By establishing laws that will aid future advancements in medical image processing, policymakers in adjacent sectors will also profit from the trend of transfer learning in medical imaging.