11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance has Walgreens. The second-largest US pharmacy chain is Walgreens with 8951 locations and revenue in 2020 of $139.5billion.
CVS Health has been the most significant competitor to Walgreens. CVS is America’s number one pharmacy chain, as CVS was in 2022. Walgreens also has competition from Rite Aide, Target Walmart, Kroger and Walmart. All three companies offer consumers general merchandise and prescription service. Express Scripts (which Cigna purchased in 2018) is also a competitor to Walgreens.
CVS, Walgreens’ main rival, is also known as the largest pharmacy chain with 9954 stores across the United States.
Further, CVS offers the same services as Walgreens, including:
Rite Aid, a chain of drug stores in America that is comparable to Walgreens’ 2,427 locations across 17 states, competes against Walgreens.
Additionally, Walgreens competes with it in pharmacy services including pickup by mail and delivery. It also has photo and health services and small retail sections in its stores.
Additionally, Rite Aid reported that in 2020 revenue topped $21.928 billion.
Kroger is America’s largest supermarket chain, based on revenue. Kroger competes with Walgreens when it comes to general merchandise and pharmacy services.
At the moment, Kroger has approximately 3000 locations across America. Most of these stores also have pharmacies to assist customers.
Kroger sells a wide range of healthcare products, and offers prescription drug discounts that can save you money if your insurance is not sufficient.
Kroger’s 2020 revenue was $132.5 billion, lower than Walgreens. Walgreens, however, offers a lower product selection overall.
Walmart is a major retail giant that can compete with Walgreens when it comes to pharmacy services and household products.
Walgreens is also significantly cheaper when it comes prescription medication and general merchandise.
McKesson is an American wholesaler of prescription products. It is also the fourth-largest chain pharmacy in America.
McKesson also provides care management and medical supplies. It is also in the sector of health information technology.
However, this is Walgreens’ competitor and there are over 5,000 Health Mart locations.
McKesson also had a revenue of $231.051 billion for 2020, which is a testament to how strong and important this distributor for drugs is to the pharmaceutical industry.
Target, one of America’s largest retail chains, is also a rival to Walgreens for general retail and pharmacy services.
The company has more than 1,926 US locations. They offer customers affordable prescription drugs and virtually all Target stores are equipped with a pharmacy.
Further, Target’s revenue in 2020 topped $93 billion as it continues to expand its presence and grow its eCommerce division.
Cigna acquired Express Scripts in 2018 and has become quite the competitor to Walgreens regarding pharmacy services.
Additionally, Cigna reported $160.4 billion in revenue in 2020, which was primarily due to Express Scripts.
OptumRx is a part of UnitedHealth Group, and it’s a pharmacy care services company that offers home delivery of prescriptions, specialty pharmacy services, and networks with retail stores.
OptumRx’s 2020 revenue was $136.3 Billion, which is a strong showing of its leadership in home pharmacy services that allow you to manage your own healthcare from your own home.
Albertsons is an Albertsons-owned grocery store that offers pharmacy services. This supermarket competes with Walgreens on health products, retail and pharmacy.
Nearly every Albertsons store has a pharmacy.
It has 389 stores in the United States. This makes it a popular choice for people with both grocery and pharmacy needs.
Albertsons had a total revenue of $69 billion in 2020. It is impressive considering the company has less stores than some other companies.
Costco has a similar wholesale business model to Walgreens. It offers general merchandise, pharmacy services and in-store beauty and health products.
On top of that, Costco operates 550 stores in 48 states, so it’s widely available for people to use regardless of location.
Costco had $163.22 billion of revenue in 2020. This is a strong showing that more consumers are discovering wholesale clubs as the best way for them to save money.
Publix offers grocery, pharmacy, and general merchandise services that rival Walgreens.
Publix also has more than 1,300 locations throughout the United States in the Southern part of the country. They offer low-cost prescriptions and have a variety of services.
Publix also reported a record $44.9 billion in revenue for 2020. It is renowned for its loyal customer base and outstanding customer service.
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CVS Health is Walgreens’ main rival, while Walgreens has remained loyal to CVS Health for many years. CVS still holds the title of the United States’ biggest pharmacy.
Walgreens sees competition in addition to CVS from Rite Aid. Rite Aid is another American pharmacy retailer that offers nearly identical services and products.
Further, Publix, Kroger, Walmart, and Target are competitors to Walgreens and offer low-cost prescription medications for some common health conditions.
.11 Biggest Walgreens Competitors In 2022 (Your Full Guide)