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 (owner of CVS pharmacy) made $268.7Billion in revenue in 2020.
Walgreens (as of 2022), Rite Aid Pharmacy, Kroger Pharmacy and Walmart all compete with CVS. CVS is America’s largest pharmacy chain, with nearly 10,000 locations across the nation. It also offers many health services. CVS does face competition from competitors in the healthcare industry, such as UnitedHealth Group and Cigna.
Walgreens Boots Alliance is the parent company that owns Walgreens. Walgreens competes directly against CVS as a provider of healthcare services, mail-in specialty pharmacy service, and retail merchandise.
Walgreens also has over 13,100 locations worldwide. The majority of these are 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 a drugstore chain that competes with CVS, although it’s not found in nearly as many states as CVS.
There are over 2,400 Rite Aids locations across America. California is the home to the most (530 stores).
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 is also trusted as a source of both prescriptions, and products for healthcare across the country.
Walmart Pharmacy, one of America’s largest mass merchant stores, has a retail pharmacy in nearly every location and is a top competitor to CVS.
Walmart’s 2020 prescription revenue was $21.7 billion. The company offers mail-in or specialty prescription services.
Costco is a wholesale club that offers prescription services, and in 2020, Costco made an estimated $2.7 billion from prescription services.
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 is now owned by Cigna, and it was bought by Cigna. It’s one of the top mail-in and specialty pharmacies all over the United States.
Express Scripts has over 49,000 branches across the nation, which makes it a very popular pharmacy for anyone without insurance.
OptumRx (an affiliate of UnitedHealth Group) is a rival to CVS for pharmacy services and healthcare.
Furthermore, UnitedHealth Group made an estimated $32.2 billion in prescription revenue in 2020, ranking it in the top four.
UnitedHealth Group provides a postal and specialty pharmacy via OptumRx to all customers in the United States.
Kroger is the largest grocery chain in America. More than 2,200 Kroger locations are available for customers.
Kroger therefore is directly competitive to CVS.
You can also find clinics at certain locations to receive healthcare services. Additionally, Kroger provides low-cost prescription medications through its prescription drug program.
Kroger Pharmacy made $15.1 Billion in 2020 from specialty and regular pharmacy services.
Publix has a number of states-based supermarket chains. They are often the top-rated for their customer service and supermarket pharmacies.
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 a grocery chain that has its own pharmacy. This makes it one of America’s leading rivals to CVS.
Albertsons is a great option for low-income people because it offers prescriptions at a very affordable price in every one of its stores.
In 2020, Albertsons made an estimated prescription revenue of $5.2 billion, which is a significant amount of money considering it only has about 1,700 pharmacies nationwide.
H-E-B, a grocery chain that has over 300 pharmacies across the country, is H-E-B. H-E-B is a supermarket chain with over 300 pharmacies across the country.
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 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.
You can read our articles on CVS competitive benefits, CVS mission, and Why is CVS so costly.
Walgreens, Rite Aid and supermarket chain pharmacies like Krogers, Publixes, H-E-B and Albertsons are some of the major competitors to CVS.
CVS must compete against health insurance companies such as UnitedHealth Group (which is associated 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’s competitors are Avella Specialty Pharmacy Express Scripts Walgreens Rite Aid and Walgreens.
What is Cvs competitive advantage?
Competitors are being defeated. CVS holds a unique competitive advantage in that it keeps expanding, while rival companies have to close stores. Walgreens Boots Alliance has also had to close multiple stores in the wake of a loss.
Are Cvs And Walgreens Competitors?
CVS competes with Walgreens and is America’s largest pharmacy chain, having 9,954 stores in the United States.
Who Are The Competitors Of Walgreens?
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)