AbstractOptical metamaterials have presented an innovative method of manipulating light. Hyperbolic metamaterials have an extremely high anisotropy with a hyperbolic dispersion relation. They are able to support high-k modes and exhibit a high density of states which produce distinctive properties that have been exploited in various applications, such as super-resolution imaging, negative refraction, and enhanced emission control. Here, state-of-the-art hyperbolic metamaterials are reviewed, starting from the fundamental principles to applications of artificially structured hyperbolic media to suggest ways to fuse natural two-dimensional hyperbolic materials. The review concludes by indicating the current challenges and our vision for future applications of hyperbolic metamaterials.