11 Biggest Cvs Competitors In 2022 (Your Complete List)
CVS Pharmacy is an American pharmacy chain that has over 10,000 locations. CVS Health was the sole owner of CVS Pharmacy and made $268.7B in revenues for 2020.
The top CVS competitors within the United States are Walgreens, Rite Aid, Kroger Pharmacy, and Walmart as of 2022. CVS is the biggest pharmacy chain with over 10,000 locations nationwide and offers health services in many locations. CVS does face competition from competitors in the healthcare industry, such as UnitedHealth Group and Cigna.
Walgreens Boots Alliance, the parent company of Walgreens is Walgreens. Walgreens competes directly against CVS as a provider of healthcare services, mail-in specialty pharmacy service, and retail merchandise.
Also, Walgreens has more than 13,100 stores worldwide, with most being in the United States. The company operates in more 11 countries.
In 2020, the revenue for Walgreens was $139.5 billion, with $88.6 billion being in prescription revenue, which isn’t quite as good as CVS, but it’s right up there.
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.
This said, Rite Aid has more than 2,400 locations in 17 American states, California being the biggest (530) and California with the least (2,400).
Pennsylvania has 514 stores and New York, more than 300, is in third place.
Rite Aid earned $21.9billion in revenue and $11.6billion in prescription revenues for 2020. Additionally, Rite Aid is a trusted source for prescriptions and health products in the United States.
Walmart Pharmacy is the leading mass-merchant store with retail pharmacy locations at almost all of its stores and it is even more competitive than CVS.
Walmart’s 2020 prescription revenue was $21.7 billion. The company offers mail-in or specialty prescription services.
Costco is an online wholesale club offering prescription services. Costco was worth $2.7 billion in 2020.
Additionally, the company has more than 560 warehouses in the United States making it one of America’s top-selling chains for prescriptions as well as health and beauty 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 can be found in more than 49,000 places across the country, making them a well-respected pharmacy for individuals without insurance.
OptumRx is an affiliate of UnitedHealth Group, and it’s a competitor to CVS in healthcare and pharmacy services.
UnitedHealth Group earned an estimated $32.2 million in prescription revenue in 2020. It ranks among the top four.
UnitedHealth Group has an OptumRx specialty and mail-in pharmacy that can be used to service customers throughout the nation.
Kroger, one of America’s most well-known supermarkets, has more than 2200 Kroger pharmacies to service customers.
Therefore, Kroger is a direct competitor to CVS.
In some cases, they also offer clinics within certain areas for medical services. Kroger has a prescription drug program that offers affordable prescription medications.
Kroger Pharmacy made $15.1 Billion in 2020 from specialty and regular pharmacy services.
Publix is a supermarket chain located in several states and is often rated as number one for customer satisfaction for its supermarket pharmacy.
It’s clearly a competitor to CVS. Publix has more than $4.1 Billion in prescription revenue by 2020, as you can see.
Albertsons is an American supermarket chain which also houses a pharmacy. It’s a leading competitor to CVS.
Albertsons provides customers with low-cost prescription medication in all its stores. This makes it an ideal option for people on a lower income.
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 has nearly 300 nationwide pharmacy locations. H-E-B is a supermarket chain with over 300 pharmacies across the country.
H-E-B ranked first in J.D. 13th edition, 2020 with $1.8billion prescription revenue. Power did an annual analysis of the supermarket pharmacies. It was H-E-B’s first such study.
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.
CVS is also competing with UnitedHealth Group, a health insurance company that is affiliated to OptumRx.
Cigna bought Express Scripts in a competition, Humana Pharmacy Solutions is a rival to CVS when it comes to prescription services.
Who Are Cvs Biggest Competitors?
CVS Health’s competitors are Avella Specialty Pharmacy Express Scripts Walgreens Rite Aid and Walgreens.
What Does Cvs Compete Advantage Mean?
Competitors can be defeated. CVS’s continued expansion means that it is more competitive than other companies, which has led to some stores being closed. Walgreens Boots Alliance and Rite Aid, for example, had to shut down several of their stores after suffering losses in profit.
Are Cvs And Walgreens Competitors?
CVS is Walgreens’ main competitor. CVS also holds the title of largest pharmacy chain in America, with 9954 locations across the country.
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)