In this article we propose to compress depth maps using a coding scheme based on multiscale recurrent pattern matching and evaluate its impact on depth image based rendering (DIBR). Depth maps are usually converted into gray scale images and compressed like a conventional luminance signal. However, using traditional transform-based encoders to compress depth maps may result in undesired artifacts at sharp edges due to the quantization of high frequency coefficients. The Multiscale Multidimensional Parser (MMP) is a pattern matching-based encoder, that is able to preserve and efficiently encode high frequency patterns, such as edge information. This ability is critical for encoding depth map images. Experimental results for encoding depth maps show that MMP is much more efficient in a rate-distortion sense than standard image compression techniques such as JPEG2000 or H.264/AVC. In addition, the depth maps compressed with MMP generate reconstructed views with a higher quality than all other tested compression algorithms.