11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance is the owner of Walgreens. It’s the 2nd-largest pharmacy chain in America with 8951 locations and a revenue of $139.5 Billion in 2020.
CVS Health was the largest competitor to Walgreens, and CVS remained America’s biggest pharmacy chain through 2022. Walgreens is also a competitor to Rite Aid and Target as well as Walmart, Walmart, Kroger, and Walmart. These companies all offer general merchandise and prescription services to customers. Express Scripts was acquired by Cigna in 2018, and Walgreens is now competing with it.
CVS, Walgreens’ main rival, is also known as the largest pharmacy chain with 9954 stores across the United States.
CVS provides the same services and products as Walgreens including:
Rite Aid in the United States is a drugstore chain that rivals Walgreens. Rite Aid operates 2,427 locations spread across 17 states.
Furthermore, it competes with Walgreens in both pharmacy services, including mail-in and pickup, and has health, beauty, photo services, and a small retail section in its stores.
Rite Aid also reported that 2020 revenues topped $21.928 Billion.
Kroger is the biggest supermarket chain in the United States, going by revenue. Kroger competes with Walgreens when it comes to general merchandise and pharmacy services.
At the moment, Kroger has approximately 3000 locations across America. Most of these stores also have pharmacies to assist customers.
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 had $132.5 Billion in sales for 2020. That’s lower than Walgreens. Walgreens, however, offers a lower product selection overall.
Walmart is a large retail firm that rivals Walgreens, in pharmacy services as also other household products.
Walgreens and Walmart are significantly more expensive when it is concerned with prescription drugs, general merchandise, or both.
McKesson Wholesalers of Pharmaceutical Products is fourth-largest Pharmacy Chain in the United States.
McKesson also provides care management and medical supplies. It is also in the sector of health information technology.
However, the company is a strong competitor to Walgreens. It also boasts over 5,000 locations through Health Mart.
McKesson’s 2020 revenue was $231.051 million, which speaks volumes about the power and importance of McKesson as a drug distributor.
Target, one of America’s largest retail chains, is also a rival to Walgreens for general retail and pharmacy services.
With over 1,926 locations in the United States, it offers customers cheap prescription drugs, and nearly all Target stores have a pharmacy available.
Further, Target’s revenue in 2020 topped $93 billion as it continues to expand its presence and grow its eCommerce division.
Express Scripts was acquired by Cigna in 2018. It has been a strong competitor for Walgreens when it comes to pharmacy services.
Cigna’s 2020 revenue was $160.4 Billion, mainly due to Express Scripts.
OptumRx is part of UnitedHealth Group. They offer home delivery prescriptions, specialty pharmacie services, and networks that work with retail stores.
OptumRx generated $136.3 billion in revenue in 2020. This proves it is an industry leader for home pharmacy services, where you can take care of your health from the comfort of your home.
Albertsons is an Albertsons-owned grocery store that offers pharmacy services. This supermarket competes with Walgreens on health products, retail and pharmacy.
A majority of Albertsons stores also have a pharmacy.
It has 389 stores in the United States. This makes it a popular choice for people with both grocery and pharmacy needs.
Additionally, Albertsons posted revenue of $69 billion for 2020, which is decent for a company with fewer locations than most other pharmacy and grocery stores.
Costco can be seen as a competitor to Walgreens, since they offer pharmacy services, general merchandise, health and beauty products, and other wholesale items.
Costco also has over 550 stores across 48 states. It’s easily available to everyone, regardless of where they live.
Further, Costco reported $163.22 billion in revenue in 2020, and it’s only growing stronger as more people find wholesale retail clubs to be the best way to save money.
Publix is a competitor to Walgreens because it provides pharmacy services and general merchandise in its stores.
Publix, which has 1,300 locations across the United States of America in the Southern region of the United States, also offers low-cost prescriptions.
Publix saw a $44.9 Billion increase in its 2020 revenue. Publix has been a trusted grocery store for customers who are loyal and provides excellent customer services.
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CVS Health has become the main competitor to Walgreens. Walgreens have remained staunch behind CVS Health over many years. CVS is still the largest pharmacy in the United States.
Walgreens will also be competing against Rite Aid which is a US pharmacy chain that provides almost identical services.
Walgreens can also be competed with by Kroger, Walmart, Target and Publix. These stores offer discounted prescriptions for certain health conditions.
.11 Biggest Walgreens Competitors In 2022 (Your Full Guide)