Carbon Nanotubes are carbon allotropes with nano size range that have a lengthto-diameter ratio up to 132,000,000:1. These cylindrical molecules were a unique dominion that makes them favorable in pharmaceuticals and nanotechnology. However, structurally they showed like cylindrical graphene sheets of sp2 bonded carbon atoms. They exhibit unique mechanical properties like high toughness and high tensile strength. Moreover, various methods have been refined to produce nanotubes in required and controlled quantities. Carbon nanotubes were found much utilization in medical research and pharmacy like when incorporated with various drugs they can be utilized as a carrier for drug delivery. They can also be utilized for boosting up of bio imaging genomes, proteomics and tissue engineering. However, CNTs possessed antioxidant properties and also showed preservative effect. When incorporated with magnetic materials, radioisotope enzymes, they can also be utilized as biosensors for diagnostic purposes and also for the monitoring of hazardous radiations in nuclear plant/reactor.