From 5,289 records screened, 22 were included in the quantitative analyses. VR reduced the fall rate at follow-up by 46% (IRR 0.54; 95% CI 0.35, 0.84). Supporting this primary finding, the proportion of patients who experienced one or more falls was lower with VR interventions (risk ratio [RR] 0.75; 95% CI 0.60, 0.93). A sensitivity analysis on fall rate using ratio of means (RoM), based on different subset of studies, showed a reduction immediately at post-intervention (RoM 0.50; 95% CI 0.29, 0.85) and a similar, though non-significant, trend at follow-up (RoM 0.64; 95% CI 0.38, 1.07). This was complemented by psychological gains, particularly in supervised programs, with VR significantly improving scores in Falls Efficacy scales (FES) at post-intervention (standardized mean difference [SMD] -0.62; 95% CI -0.93, -0.31) and Activities-Specific Balance Confidence (ABC) scale at follow-up (mean difference [MD] 5.47; 95% CI 2.42, 8.53). Risk of bias assessment maintained some concerns, reflecting self-reported outcomes.