11 Biggest Cvs Competitors In 2022 (Your Complete List)
CVS is a successful pharmacy chain with more than 10,000 locations throughout the United States. That said, CVS Health, the owner of CVS pharmacy, made $268.7 billion in revenue for 2020.
The top CVS competitors within the United States are Walgreens, Rite Aid, Kroger Pharmacy, and Walmart as of 2022. CVS, the largest pharmacy chain in America with more than 10,000 stores across the country, offers health services at many locations. However, CVS also sees competition from healthcare group competitors like UnitedHealth Group and Cigna.
Walgreens Boots Alliance was the parent company. Walgreens competes directly against CVS as a provider of healthcare services, mail-in specialty pharmacy service, and retail merchandise.
Walgreens operates more than 131,000 stores around the world, most of which are located in the United States. The company operates in more 11 countries.
Walgreens’ revenue in 2020 was $139.5billion. Prescription revenue of $88.6billion made up the remaining $88.5billion. While this isn’t as high as CVS’s, it’s still quite impressive.
Rite Aid is an American drugstore chain which competes against CVS. However, it is not located in nearly the same number of states as CVS.
There are more than 2400 Rite Aid stores in America. California has the largest number of locations (530).
Additionally, Pennsylvania is second with 514 stores, and New York is third with more than 300 locations.
Rite Aid generated $21.9 billion of revenue in 2020. It also earned $11.6 billion from prescriptions. It is also trusted as a source of both prescriptions, and products for healthcare across the country.
Walmart Pharmacy is one the largest mass merchants with retail pharmacies in every store. It is also one of the most competitive to CVS.
Walmart has a wide range of specialty and mail in prescription services, and made $21.7 billion worth of prescription revenue for 2020.
Costco is a wholesale club that offers prescription services, and in 2020, Costco made an estimated $2.7 billion from prescription services.
It also boasts more than 550 locations across the United States. This makes it one of the most popular chains for prescriptions, health, and wellness products.
Express Scripts was purchased by Cigna and now Cigna is one of the largest mail-in specialty pharmacies throughout the United States.
Express Scripts also has 49,000 stores across the United States, making it a top choice for patients without insurance.
OptumRx, an affiliated of UnitedHealth Group is a competitor in pharmacy and healthcare services to CVS.
Furthermore, UnitedHealth Group made an estimated $32.2 billion in prescription revenue in 2020, ranking it in the top four.
UnitedHealth Group provides a postal and specialty pharmacy via OptumRx to all customers in the United States.
Kroger is an American grocery retailer that’s well-known. Kroger has over 2200 locations across the country.
Kroger therefore is directly competitive to CVS.
It also offers healthcare services in some areas through its clinics. Kroger also offers low-cost prescription drugs through its Prescription Drug Program.
Kroger pharmacy generated $15.1 billion from its regular and special pharmacy services in 2020.
Publix can be found in many states. It is often considered the best supermarket chain for customers because of its high customer satisfaction.
As you can see, it’s a direct competitor to CVS, with Publix making more than $4.1 billion in prescription revenue for 2020.
Albertsons supermarket chain has inside pharmacy and is one the most popular competitors to CVS.
Albertsons also offers low-cost prescription drugs in its stores making it an attractive option for those with lower incomes.
Albertsons reported a $5.2 billion prescription revenue for 2020. This is impressive considering they only have 1,700 pharmacies around the nation.
H-E-B, a grocery chain that has over 300 pharmacies across the country, is H-E-B. When it comes to prescription service, H-EB is one of its competitors.
H-E-B was ranked #1 in J.D.’s 13th edition with a $1.8 billion prescription revenue. Power’s annual study of supermarket pharmacies, which was a first for H-E-B.
CVS is a competitive advantage. You can find out more by reading our posts about CVS’ mission and value.
The main competitors to CVS include Walgreens, Rite Aid, supermarket chain pharmacies such as Kroger, Publix, H-E-B, and Albertsons.
On top of that, CVS has to compete with health insurance companies like UnitedHealth Group, which is affiliated with OptumRx.
Since it bought out Express Scripts, Cigna has been a competitor, and Humana Pharmacy Solutions competes with CVS for prescription services.
What Are the Top Cvs Competitors?
CVS Health rivals include Express Scripts. Avella Specialty Pharmacy. Walgreens. Rite Aid.
What Does Cvs Compete Advantage Mean?
Competitors to be demolished. CVS is able to continue to grow while its competitors are closing down their stores. This gives it an additional competitive edge. Walgreens Boots Alliance has also had to close multiple stores in the wake of a loss.
Are Cvs And Walgreens Competitors?
CVS is the main competitor to Walgreens, and it’s also the biggest pharmacy chain in the United States, with 9,954 locations throughout the United States.
What Are Walgreens’ Competitors?
Walgreens is a competitor to J. C. Penney Walmart Rite Aid Rite Aid, McKesson and Sally Beauty.
.11 Biggest Cvs Competitors In 2022 (Your Complete List)