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, which is also the owner CVS pharmacy, had a $268.7 million in revenue for 2020.
Walgreens are Walgreens. Rite Aid is Kroger Pharmacy. Walmart was the number one competitor to CVS in 2022. CVS is the most popular pharmacy chain and has more than 10,000 locations in all 50 states. They also offer health services in many other 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.
Walgreens operates more than 131,000 stores around the world, most of which are located in the United States. However, it also operates in more than 11 countries.
Walgreens reported $139.5 billion revenue in 2020. Of that, $88.6 was from prescription revenues. It isn’t nearly as strong as CVS. But it is close.
Rite Aid competes with CVS but isn’t as widespread as CVS.
That said, more than 2,400 Rite Aid locations spread out between 17 states in America, with California having the most stores (530 locations).
Pennsylvania ranks second with 514 shops, New York third with more 300 and New York fourth with 309.
In 2020, Rite Aid’s revenue was $21.9 billion, with prescription revenue totaling $11.6 billion. 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.
Walmart generated $21.7 billion in prescription revenues in 2020. It offers specialty prescription and mail-in services.
Costco offers prescription service through its wholesale club. Costco’s 2020 revenue was $2.7 billion.
The chain boasts over 550 US warehouse locations, making it one the largest nationwide chains that sell prescriptions and other health and wellbeing products.
Cigna bought out Express Scripts in 2018 and is one of the leading mail-in and specialty pharmacies located throughout the United States.
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.
UnitedHealth Group provides a postal and specialty pharmacy via OptumRx to all customers in the United States.
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 also offers low-cost prescription drugs through its Prescription Drug Program.
Kroger pharmacy generated revenue of $15.1 billion through specialty and regular pharmacy services for 2020.
Publix can be found in many states. It is often considered the best supermarket chain for customers because of its high customer satisfaction.
This is because Publix makes more prescription revenue than CVS for 2020.
Albertsons, a supermarket chain that also has a pharmacy within its stores is one of the top competitors to CVS USA.
Albertsons also offers low-cost prescription drugs in its stores making it an attractive option for those with lower incomes.
Albertsons’ 2020 prescription revenue was $5.2 Billion. That is an impressive amount considering the company only owns 1,700 pharmacies in the United States.
H-E-B is an American supermarket chain which has more than 300 locations across the nation. It is therefore a competitor to CVS in prescription services.
In 2020, H-E-B had a prescription revenue of $1.8 billion and ranked number one in the 13th edition of J.D. 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 faces competition from health insurance companies like UnitedHealth Group. OptumRx is an affiliate of UnitedHealth Group.
Since it bought out Express Scripts, Cigna has been a competitor, and Humana Pharmacy Solutions competes with CVS for prescription services.
Who Are Cvs Biggest Competitors?
CVS Health has many competitors, including Express Scripts (Walgreens), Avella Specialty Pharmacy and Walgreens.
What Is Cvs Competitive Advantage?
Competitors can be defeated. CVS has a further competitive advantage as it continues to expand while other competitor companies are having to close down stores. 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 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)