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Various nanomaterials have been studied for their biomedical application in recent years. Among them, nanocomposites have a prominent medical application in the prevention, diagnosis, and treatment of various diseases. Nanocomposites are made up of polymeric matrix layers composed of synthetic or natural polymers like chitosan, polyethylene glycol, etc. Polymer nanocomposites are inorganic nanoparticles dispersed in a polymer matrix. There are two types of polymeric nanocomposites which include natural and synthetic polymer nanocomposites. These nanocomposites have various biomedical applications, such as medical implants, wound healing, wound dressing, bone repair and replacement, and dental filling. Polymeric nanocomposites have a wide range of biomedical applications due to their high stability, non-immunogenic nature, sustained drug delivery, non-toxic, and can escape reticuloendothelial system uptake along with drug bioavailability improvement. In this review, we have discussed various types of natural and synthetic polymer nanocomposites and their biomedical applications. [ABSTRACT FROM AUTHOR]