DNAzymes have been widely explored owing to their excellent catalytic activity in a broad range of applications, notably in sensing and biomedical devices. These newly discovered applications have built high hopes for designing novel catalytic DNAzymes. However, the selection of efficient DNAzymes is a challenging process but one that is of crucial importance. Initially, systemic evolution of ligands by exponential enrichment (SELEX) was a labor-intensive and time-consuming process, but recent advances have accelerated the automated generation of DNAzyme molecules. This review summarizes recent advances in SELEX that improve the affinity and specificity of DNAzymes. The thriving generation of new DNAzymes is expected to open the door to several healthcare applications. Therefore, a significant portion of this review is dedicated to various biological applications of DNAzymes, such as sensing, therapeutics, and nanodevices. In addition, discussion is further extended to the barriers encountered for the real-life application of these DNAzymes to provide a foundation for future research. Glossary Chromatography: a technique used for the physical separation of mixtures into their components. All forms of chromatography work on the same principle, in that, all have a stationary phase and a mobile phase. The approach is wellknown for its high sensitivity because of competitive interaction between the desired molecule and target immobilized stationary phase that are mainly composed of agarose beads. Combinatorial chemistry: synthetic method used to prepare a library of structurally related analogues in a single process. Currently, vast ranges of simulation software are used for generating combinatorial library. Electrochemical detection: the basic principle of electrochemical biosensors involves immobilization of selected functional DNA molecules on an electrode surface that specifically bind to a ligand, which can further lead to a change in the current or voltage. Electrophoresis: analysis technique used to efficiently separate charged particles from each another based on differences in their mobility. It can be used to separate a variety of small and large target molecules. The major shortcoming associated is that the target molecule should have a sufficient size to induce mobility changes. G-quadruplex DNAzyme: single-stranded G-rich aptamer sequences spontaneously form an intramolecular four-stranded helical structure (G4). Associates with the hemin group to form the catalytic G4-hemin-DNAzyme complex. This complex DNAzyme catalyzes the oxidation reaction of hydrogen peroxide to result in the generation of chemiluminescence. Logic gate: a logic gate performs a logical operation (Boolean algebra) on given inputs in order to generate a single electrical output. Different logic gates are combined using combinatorial or sequential approaches for computer programming. Basic logic gate series include-AND, OR, NOT, XOR, NOR, NAND, and XNOR.