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In doing so, this review highlights the synthesis, surface functionalization and applicability of biodegradable polymers for synthesis of carbon dots. Further highlighting a myriad of biodegradable, biocompatible and cost-effective polymers that can be utilized for the fabrication of carbon dots. The limitations of these polymers are illustrated as well. Additionally, this review discusses the application of carbon dots in theranostics, chemo-sensing and targeted drug delivery systems. This review also serves to discuss the various pr