Medical images (e.g., magnetic resonance imaging (MRI) and computed tomography (CT)) provide critical information to the clinicians in order to diagnose pathology and plan interventions. Image segmentation is the first and foremost step taken by the clinicians while optimizing analytic diagnosis and treatment planning for interventions (e.g., transplantation and complete resection) and therapeutic procedures (e.g., radiotherapy, PVE, and embolization approaches), especially in hepatocellular carcinoma. Thus, segmentation techniques certainly impact the diagnosis and treatment outcomes. This paper studies the literature during the year 2012 until 2021 and reviews the segmentation methods classifying them into three categories based on their clinical utility (i.e., surgical and radiological interventions). The classification is based on the parameters such as precision, accuracy, location, liver condition, and other clinical considerations.