Numerous studies have confirmed the positive impacts of real forests in areas such as stress relief. However, not everyone can visit forests easily. Virtual technologies offer new ways of experiencing forests for people who are hindered by real-life conditions and provide researchers with a manageable mode of study. Recently, there has been an influx of relevant research; however, themes within the overall perspective of the field remain unclear. This study aimed to review the literature and provide an overview of the potential health benefits of virtual forests. Research themes were extracted, and a conceptual framework for the multidimensional effects of virtual forest exposure was proposed from a holistic perspective. We analyzed studies using descriptive analytical methods through the Scopus, Web of Science, and PubMed databases and snowball searches. In total, 58 studies were included. This review identified four themes and segments throughout the virtual forest exposure process: core elements, experiences, effects, and circulation. We propose a new conceptual framework for a holistic perspective that incorporates technological features that are specific to virtual environments and makes connections to real forests. Finally, perspectives for future research in virtual forest therapy and its practical implications are discussed.