Type 2 diabetes (T2D) is a chronic disease characterized by insulin resistance (IR) and impaired insulin secretion by β-cells, leading to persistent hyperglycemia. T2D is essentially caused by a progressive decline in β-cell mass and function. Disruption in the balance between β-cell growth and death may result in rapid and marked changes in β-cell mass. In autopsy studies, patients with T2D showed a 40% - 60% reduction in β-cell mass despite a normal capacity of β-cell neogenesis and replication. The observation that the degree of β-cell dysfunction is associated with a combination of metabolic, genetic, and environmental factors highlights the necessity of better understanding β-cell dysfunction in T2D development. These factors include glucolipotoxicity, cholesterol accumulation, islet amyloid deposition, inflammation, autoimmunity, incretins, and IR. The goal of T2D treatment is to not only reduce the glucose concentration but also prevent progressive decline in β-cells and delay disease progression. Therefore, developing new therapeutic strategies to preserve β-cells has become central in the management of T2D. This review presents the evidence on the efficacy of currently available clinical approaches to preserve β-cells in the management of T2D.