Photonic sensors utilize light–matter interaction to detect physical parameters accurately and efficiently. They exploit the interaction between photons and matter, with light propagating through an optical waveguide, creating an evanescent field beyond its surface. This field interacts with the surrounding medium, enabling the sensitive detection of changes in the refractive index or nearby substances. By modulating light properties like intensity, wavelength, or phase, these sensors detect target substances or environmental changes. Advancements in this technology enhance sensitivity, selectivity, and miniaturization, making photonic sensors invaluable across industries. Their ability to facilitate sensitive, non-intrusive, and remote monitoring fosters the development of smart, connected systems. This overview delves into the material platforms and waveguide structures crucial for developing highly sensitive photonic devices tailored for gas and biosensing applications. It is emphasized that both the material platform and waveguide geometry significantly impact the sensitivity of these devices. For instance, utilizing a slot waveguide geometry on silicon-on-insulator substrates not only enhances sensitivity but also reduces the device’s footprint. This configuration proves particularly promising for applications in biosensing and gas sensing due to its superior performance characteristics.