11 Biggest Cvs Competitors In 2022 (Your Complete List)
CVS Pharmacy is an American pharmacy chain that has over 10,000 locations. CVS Health, which is also the owner CVS pharmacy, had a $268.7 million in revenue for 2020.
Walgreens and Rite Aid are the top CVS competitors in America. Kroger Pharmacy, Walmart, Rite Aid and Kroger Pharmacy were all established by CVS as of 2022. CVS, the largest pharmacy chain in America with more than 10,000 stores across the country, offers health services at many locations. CVS faces competition from other healthcare groups like UnitedHealth Group or Cigna.
Walgreens Boots Alliance is the parent company that owns Walgreens. With that, Walgreens is a direct competitor to CVS for healthcare, mail-in, specialty pharmacy services, and retail items.
Also, Walgreens has more than 13,100 stores worldwide, with most being in the United States. The company operates in more 11 countries.
Walgreens’ revenue in 2020 was $139.5billion. Prescription revenue of $88.6billion made up the remaining $88.5billion. While this isn’t as high as CVS’s, it’s still quite impressive.
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).
Additionally, Pennsylvania is second with 514 stores, and New York is third with more than 300 locations.
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 one of the biggest mass merchant stores with retail pharmacy locations in almost every store and is one of the top competitors to CVS.
Walmart generated $21.7 billion in prescription revenues in 2020. It offers specialty prescription and mail-in services.
Costco is a wholesale company that provides prescription services. Costco generated an estimated $2.7B in prescription services revenue for 2020.
On top of that, with more than 550 warehouse locations in the United States, it’s one of the top chains nationwide for prescriptions and health and wellness products.
Express Scripts was purchased by Cigna and now Cigna is one of the largest mail-in specialty pharmacies 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, an affiliated of UnitedHealth Group is a competitor in pharmacy and healthcare services to CVS.
UnitedHealth Group also made $32.2 billion in prescription revenues in 2020. This puts it 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 is a well-known grocery store in America. There are over 2,200 Kroger Pharmacy locations available to customers.
Therefore, Kroger is a direct competitor to CVS.
It also offers healthcare services in some areas through its clinics. Kroger’s prescription drug program also provides low-cost prescription medicines.
In 2020, Kroger pharmacy made $15.1 billion in revenue from regular and specialty pharmacy services.
Publix, a chain of supermarkets located across the country, is often rated number one in customer satisfaction.
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 is an American supermarket chain which also houses a pharmacy. It’s a leading competitor to CVS.
Additionally, Albertsons offers customers low-cost prescription medications throughout its stores, making it an excellent option for lower-income individuals.
Albertsons had an estimated prescription revenue in 2020 of $5.2Billion. It is significant considering there are only about 170 pharmacies throughout the US.
H-E-B is a supermarket chain with over 300 pharmacy locations nationwide. It is therefore a competitor to CVS in prescription services.
H-E-B’s 2020 prescription revenue was $1.8 million. It was also ranked the number one spot in J.D. Power conducted an annual survey of supermarket pharmacies in order to determine which ones were most popular. This was the first time Power had done this for H-E.B.
CVS Competitive Advantages, CVS Mission Statement and CVS Pricing are all posts that will help you learn more.
Walgreens (the main competitor) and Rite Aid (supermarket chain pharmacies), such as Krogers Publix, H-E-B or Kroger are all major rivals to CVS.
On top of that, CVS has to compete with health insurance companies like UnitedHealth Group, which is affiliated with 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 rivals?
CVS Health has many competitors, including Express Scripts (Walgreens), Avella Specialty Pharmacy and Walgreens.
What Is Cvs Competitive Advantage?
Competitors can be defeated. CVS is able to continue to grow while its competitors are closing down their stores. This gives it an additional competitive edge. 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 Walgreens’ principal competitor. It also has the most extensive pharmacy network in America with 9954 locations.
Who are Walgreen’s 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)