This article provides a thorough introduction to liposomes, highlighting their special qualities, formulation methods, and numerous uses in drug administration and biomedical research. Due to their biocompatibility, ability to encapsulate a variety of therapeutic substances, and potential for targeted treatment, liposomes, as nanocarriers, give a variety of benefit. We go cover recent advances in liposome technology that improve their safety and efficacy profiles, such as surface alteration, triggered release mechanisms, and combination therapies. We also discuss the difficulties in producing stable liposomes, regulatory issues, and their changing application in new therapeutic areas such as immunotherapy and gene therapy. This review aims to provide insights into the future paths of liposome research and their revolutionary potential in personal healthcare by combining current knowledge and trends.