This dissertation is devoted to the development of novel devices for optoelectronic and photovoltaic applications using the promise of inkjet printing with two-dimensional (2D) materials. A systematic approach toward the characterization of the liquid exfoliated 2D inks comprising of graphene, molybdenum disulfide (MoS2), tungsten diselenide (WSe2), and 2D perovskites is discussed at depth. In the first study, the biocompatibility of 2D materials -- graphene and MoS2 -- that were drop cast onto flexible PET and polyimide substrates using mouse embryonic fibroblast (STO) and human esophageal fibroblast (HEF) cell lines, was explored. The polyimide samples for both STO and HEF showed high biocompatibility with a cell survival rate of up to ~ 98% and a confluence rate of 70-98%. An inkjet printed, biocompatible, heterostructure photodetector was constructed using inks of photo-active MoS2 and electrically conducting graphene, which facilitated charge collection of the photocarriers. The importance of such devices stems from their potential utility in age-related-macular degeneration (AMD), which is a condition where the photosensitive retinal tissue degrades with aging, eventually compromising vision. The biocompatible inkjet printed 2D heterojunction devices were photoresponsive to broadband incoming radiation in the visible regime, and the photocurrent scaled proportionally with the incident light intensity, exhibiting a …