Digital Image Restoration is a technique used to recover original image information from degraded images. Digital images lose information because of factors like noise, blurring and camera misfocus. Image restoration plays a significant role in improving the quality of pictures obtained from unmanned aircrafts, poor quality video tape of a crime scene and blurred satellite images. In this paper we review how the field of image restoration has evolved over the years, and how the techniques of image restoration are making inroads into various applications, thus improving users perception. The article also portrays recent advances and patents in the field of image restoration. Keywords: Image deblurring, image restoration, classical approaches to image restoration, adaptive approaches, median filter, image inpainting, inverse filtering, patents on image restoration applications