Pressure Sensors are very essential, and are used in various fields such as aerospace, barometry, industries, automobiles, medical, etc. There has been a great deal of developments in the design of pressure sensor beginning with metal strain gauges, square silicon diaphragm to recent pressure sensors developed using materials like nano wires, Carbon Nanotubes (CNT), etc. Due to its high gauge factor (200 to 1000), high sensitivity, temperature independency and many other advantages, CNT serves as a highly effective material to be used as a piezoresistive element in piezoresistive pressure sensors. This article provides a review of CNT based piezoresistive pressure sensors including their evolution, challenges, sensing mechanism, materials, applications, advantages and disadvantages.