In this review we hope to explain regarding nanoparticles (NPs), Nanoparticles are very small materials that range from 1 to 100 nm size. And the subclasses of nanoparticles are mentioned. Nanomaterials are formulated by nanoparticles. Research on nanomaterials is used to improve in material technology and synthesis gained the support. Nanomaterials are gradually becoming popularized and starting to arise as commodities. Nanotechnology refers to a set of scientific disciplines and designing where peculiarities that occur at aspects in the nanometre scale are used in the plan, characterization, formulation and use of materials, structures gadgets and system. Here application of nanomaterial and nanotechnology is explained. The use of nanomaterials in the production of biosensors for detection of pathogens, formulation of nanomaterial-based biosensors for detection of antibiotics, Nanomedicines and the application of nanotechnology in food business Etc were discussed. Hazards and risk of nanomaterials are studied under nanotoxicology. Nanotechnology is ab arising science as would be considered normal to have quick areas of strength for improvements. It is anticipated to contribute altogether to financial development and occupation creation in the next few decades.