Significant advancements exploiting Chitosan have been made worldwide in order to investigate these systems according to patient requirements both in terms of therapeutic efficacy as well as patient compliance. Such systems precisely control the release rate of the target drug to a specific site. The present review paper is an attempt to provide new insights on various physicochemical and biological characteristics of chitosan along with its potential applications in a wide array of biomedical approaches. Chitosan has been considered as a unique and efficacious agent possessing a broad spectrum of desired characteristics. It is emphasized that recent scientific advancements in the use of this excipient as a carrier will yield new generation drug delivery systems with better therapeutic interventions. Further studies are required to unveil the hidden beneficial properties of chitosan and its derivatives to obtain newer delivery systems which may hold tremendous prospects in the near future.
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