11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance controls Walgreens. This is America’s 2nd largest pharmacy chain, with 8951 locations and revenue totaling $139.5 billion for 2020.
CVS Health was the largest competitor to Walgreens, and CVS remained America’s biggest pharmacy chain through 2022. Walgreens also has competition from Rite Aide, Target Walmart, Kroger and Walmart. All of these companies offer prescription services and general merchandise to consumers. Express Scripts was acquired by Cigna in 2018, and Walgreens is now competing with it.
CVS is Walgreens’ main competitor. CVS also holds the title of largest pharmacy chain in America, with 9954 locations across the country.
CVS provides the same services and products 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.
It competes directly with Walgreens for both its pharmacy services (including mail-in pickup and pick up) and also offers photo, health and beauty services.
Rite Aid stated that its 2020 revenues exceeded $21.928 billion.
Kroger is America’s largest supermarket chain, based on revenue. In pharmacy services, general merchandise and other areas of the business, Kroger is in direct competition with Walgreens.
The Kroger chain has around 3000 stores across the country, with almost every location having a pharmacy.
On top of that, Kroger offers a variety of healthcare products in its stores and has a prescription drug discount that’ll save you money if you lack insurance or are underinsured.
Kroger has reported $132.5billion revenue in 2020. It is also lower than Walgreens. Walgreens however offers more product choices in stores.
Walmart is a major retail giant that can compete with Walgreens when it comes to pharmacy services and household products.
Furthermore, Walmart is substantially cheaper than Walgreens when it comes to prescription medications and other general merchandise.
McKesson is a wholesaler of pharmaceutical products and is the fourth-largest pharmacy chain in the United States.
On top of that, McKesson provides medical supplies, offers care management, and is in the health information technology sector.
However, this is Walgreens’ competitor and there are over 5,000 Health Mart locations.
McKesson’s 2020 revenue was $231.051 million, which speaks volumes about the power and importance of McKesson as a drug distributor.
Target is one of the biggest retail chains in the United States and is a competitor to Walgreens in both pharmacy services and general retail.
With over 1,926 locations in the United States, it offers customers cheap prescription drugs, and nearly all Target stores have a pharmacy available.
Target has also seen its revenues rise to $93Billion in 2020, as it grows its business and expands its eCommerce operations.
Express Scripts was acquired by Cigna in 2018. It has been a strong competitor for Walgreens when it comes to pharmacy services.
Cigna also reported $160.4 million in revenue for 2020. This was primarily because of Express Scripts.
OptumRx makes up a portion of UnitedHealth Group. This pharmacy care company offers home delivery for prescriptions as well as specialty pharmacy service and networks with local retail outlets.
OptumRx reported $136.3 million in revenue in 2020. That’s proof that it’s a leading provider of home pharmacy services.
Albertsons is a grocery chain that provides pharmacy services and competes with Walgreens in health products, retail, and pharmacy services.
A pharmacy is also available at almost every Albertsons location.
With 389 locations across the United States it is a favorite store for many people needing both prescription and grocery services.
Albertsons also posted a revenue of $69 Billion for 2020. This is a good result for an organization with less locations than other grocery and pharmacy stores.
Costco has a similar wholesale business model to Walgreens. It offers general merchandise, pharmacy services and in-store beauty and health products.
Costco’s stores are located in 550 states and can be accessed from anywhere.
Costco’s 2020 revenue was $163.22 Billion. The company is growing as consumers find wholesale retailers to be the most cost-effective way to save their money.
Publix has a lot in common with Walgreens, as it sells general merchandise, pharmacy services, groceries, and other products.
Publix is also available in more than 1300 locations around the United States. It offers affordable prescriptions.
Also, Publix’s revenue for 2020 topped $44.9 billion and has been one of the leading grocery chains for loyal customers and excellent customer service.
To learn more, you can also read our posts on Walgreens mission statement, Walgreens slogan, and the Walgreens statistics, facts & trends.
CVS Health is Walgreens main competition. Walgreens, however, has always been behind CVS Health. CVS is still the largest pharmacy in the United States.
Walgreens sees competition in addition to CVS from Rite Aid. Rite Aid is another American pharmacy retailer that offers nearly identical services and products.
Walgreens is also being challenged by Walgreens, Kroger and Walmart. They offer prescription drugs at a low cost for certain common conditions.
.11 Biggest Walgreens Competitors In 2022 (Your Full Guide)