Background and Objective: Genus Salacia L. (Celastraceae) is a woody climbing medicinal plant consisting of about 200 species with many endangered species located throughout the world's tropical areas. Various parts of the plant as food, functional food additive and tea have been extensively used to treat a variety of ailments like diabetes and obesity as well as inflammatory and skin diseases. The present work reviews the phytochemical properties, pharmacological activities, biotechnological strategy for conservation and safety evaluation of this valuable genus. Results and Conclusion: More efforts are needed to isolate new phytoconstituents from this important medicinal plant. The mechanism of anti-diabetic action has not been done at molecular and cellular levels, thus the fundamental biological understanding is required for future applications. Though the safety of plant species has been well documented and has been confirmed by many toxicological studies, further toxicity research and clinical trials are recommended. In order to sustain harvest and conservation, agronomic practices for cultivation have to be developed. Establishment of more efficient protocols for in vitro propagation is necessary too. Approaches like genetic manipulation, hairy root culture, media standardization, and use of inducers/precursors for elevation of secondary metabolite levels could also be attractive.