11 Biggest Cvs Competitors In 2022 (Your Complete List)
CVS, a well-known pharmacy chain in the United States with over 10,000 locations across the country is very successful. CVS Health is the company that owns CVS Pharmacy. It made $268.7 Billion in 2020.
The top CVS competitors within the United States are Walgreens, Rite Aid, Kroger Pharmacy, and Walmart as of 2022. CVS is America’s largest pharmacy chain, with nearly 10,000 locations across the nation. It also offers many health services. CVS has also been challenged by healthcare company competitors such as UnitedHealth Group (Cigna) and Cigna.
Walgreens Boots Alliance (the parent company) is Walgreens. With that, Walgreens is a direct competitor to CVS for healthcare, mail-in, specialty pharmacy services, and retail items.
Walgreens is home to more than 13,000 stores, with the largest number being found in the United States. The company operates in more 11 countries.
Walgreens had $139.5 Billion in revenues for 2020. The $88.6 Billion was in prescription revenue. Although it isn’t as great as CVS, it is still very impressive.
Rite Aid rivals CVS in drugstore sales, but it is not available in as many states.
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 ranks second with 514 shops, New York third with more 300 and New York fourth with 309.
Rite Aid generated $21.9 billion of revenue in 2020. It also earned $11.6 billion from prescriptions. It’s also a reliable source of prescriptions and other healthcare products across the country.
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.
In 2020, Walmart made $21.7 billion in prescription revenue and offers both specialty and mail-in prescription services.
Costco offers prescription service through its wholesale club. Costco’s 2020 revenue was $2.7 billion.
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 acquired by Cigna in 2018. It is now one of America’s leading specialty and mail-in pharmacies.
Additionally, there are more than 49,000 Express Scripts locations nationwide, making it a highly popular pharmacy for those without insurance.
OptumRx has been an affiliate with UnitedHealth Group. It is also a competitor for CVS in the areas of pharmacy and healthcare.
UnitedHealth Group’s 2020 prescription revenue was $32.2 Billion, placing it among the top 4.
Also, UnitedHealth Group offers a mail-in and specialty pharmacy through OptumRx, to serve customers all over the country.
Kroger is one of the most well-known grocery stores in the United States, and there are more than 2,200 Kroger pharmacy locations to serve customers.
Kroger, therefore, is an direct competitor of CVS.
In some cases, they also offer clinics within certain areas for medical services. Kroger’s prescription drug program also provides low-cost prescription medicines.
Kroger pharmacy earned $15.1 million in annual revenue through regular and specialty 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.
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 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. This makes H-EB a rival to CVS for prescription services.
H-E-B was ranked #1 in J.D.’s 13th edition with a $1.8 billion prescription revenue. Power carried out an annual study of all supermarket pharmacies. This was H-EB’s first ever.
CVS Competitive Advantages, CVS Mission Statement and CVS Pricing are all posts that will help you learn more.
Walgreens is the largest competitor to CVS. Rite Aid, Walgreens, Rite Aid, as well as supermarket chain pharmacies like Kroger and Publix.
CVS also has to contend with other health insurance providers like UnitedHealth Group which is affiliated with OptumRx.
Cigna, which bought Express Scripts from it, has been a competitor. Humana Pharmacy Solutions competes directly with CVS to provide prescription services.
Who Are Cvs Biggest Competitors?
CVS Health competitors include Express Scripts, Avella Specialty Pharmacy, Walgreens and Rite Aid.
What’s Cvs Competitive Advantage?
Destroying Competitors. CVS holds a unique competitive advantage in that it keeps expanding, while rival companies have to close stores. Walgreens Boots Alliance (a competitor retailer) and Rite Aid (a neighboring retailer) have both had to close numerous stores because of losses.
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.
Who Are The Competitors Of Walgreens?
Walgreens has many competitors, including J. C. Penney and Walmart. Rite Aid is also available.
.11 Biggest Cvs Competitors In 2022 (Your Complete List)