Virtual reality technology is a technology that has gained popularity in recent days in the wake of the fourth industrial revolution. It has been widely studied and used across different medical applications. In the pharmaceutical industry, virtual reality can be applied as a replacement or adjunctive for pharmacotherapy. Virtual reality in improving drug design has presented several benefits, although it is yet fully implemented. For instance, VR tools have been used in pharmacist education, drug design, discovery, behavior modification, and patient counseling. The interest in researching virtual reality is continuously increasing despite several limitations, such as financial constraints. This research makes conclusions through analyzing secondary sources. Amidst this, past research on the topic has proved that virtual reality technology is completely safe and much more effective, an aspect that can promote user satisfaction. Furthermore, it is slowly becoming affordable, portable, and even flexible, an aspect that has smoothened therapeutic processes for outpatient and inpatient environs. Some of the other challenges identified by this research include usability issues such as costs, validation of its efficacy, and acceptance.