Implants are small sterile masses made through compression, molding, or extrusion to deliver drugs at a controlled rate over a prolonged period. They are normally 2-3 mm in diameter and rod-shaped with a polymeric inner matrix. Implants have benefits like targeted delivery, reduced side effects, improved stability and compliance, and controlled long-term release. Potential issues include minor surgery for insertion, difficulty removing once inserted, and local irritation at the application site.