11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance owns Walgreens, the second-biggest pharmacy chain in the United States with 8,951 stores and revenue of $139.5 billion in 2020.
CVS Health is Walgreens’ biggest rival, with CVS still the country’s largest pharmacy company as of 2022. Walgreens can be beaten by Rite Aide Target Walmart Kroger. All of these companies offer prescription services and general merchandise to consumers. Express Scripts (which Cigna purchased in 2018) is also a competitor to Walgreens.
CVS is Walgreens’ principal competitor. It also has the most extensive pharmacy network in America with 9954 locations.
CVS also offers many of the same services that Walgreens such as:
Rite Aid, a chain of drug stores in America that is comparable to Walgreens’ 2,427 locations across 17 states, competes against Walgreens.
Additionally, Walgreens competes with it in pharmacy services including pickup by mail and delivery. It also has photo and health services and small retail sections 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. Therefore, it competes with Walgreens in pharmacy services and general merchandise.
There are currently approximately 3,000 Kroger stores nationwide. Nearly all locations have a pharmacy that can serve customers.
Kroger has many other healthcare products available in its stores. If you are uninsured or don’t have any insurance, a prescription discount will save you money.
Kroger has reported $132.5billion revenue in 2020. It is also lower than Walgreens. Walgreens does offer a wider range of products in their stores, but this is not necessarily a problem.
Walmart is a large retail firm that rivals Walgreens, in pharmacy services as also other household products.
Walgreens can be beaten by Walmart when it comes time to purchase prescription medicines and other general merchandise.
McKesson wholesales pharmaceutical products. This is why it is the fourth-largest US pharmacy chain.
On top of that, McKesson provides medical supplies, offers care management, and is in the health information technology sector.
It is still an option to Walgreens. There are more than 5k locations in Health Mart.
McKesson had an estimated revenue of $231.051 trillion for 2020. This shows just how influential McKesson is as a distributor for pharmaceuticals.
Target is one the most important retail chains in America and is competing with Walgreens in pharmacy services as well as general retail.
The company has more than 1,926 US locations. They offer customers affordable prescription drugs and virtually all Target stores are equipped with a pharmacy.
Target has also seen its revenues rise to $93Billion in 2020, as it grows its business and expands its eCommerce operations.
Express Scripts, which Cigna purchased in 2018, has now been a formidable competitor to Walgreens for pharmacy services.
Additionally, Cigna reported $160.4 billion in revenue in 2020, which was primarily due to 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 had $136.3 billion revenue in 2020. It’s an innovator in home pharmacy services. You can access your healthcare at home.
Albertsons is an Albertsons-owned grocery store that offers pharmacy services. This supermarket competes with Walgreens on health products, retail and pharmacy.
Nearly every Albertsons store has a pharmacy.
It has 389 stores in the United States. This makes it a popular choice for people with both grocery and pharmacy needs.
Albertsons reported a $69 billion revenue for 2020. That’s a decent amount for a small company that has fewer stores than many other pharmacies and grocery shops.
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.
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 can compete with Walgreens as it also offers general merchandise and pharmacy services 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 had a revenue of $44.9 billion for 2020. They are a top grocery chain for loyalty and exceptional 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 remains the United States’ largest pharmacy.
In addition to CVS, Walgreens also sees competition from Rite Aid, another pharmacy retailer in the United States that offers almost identical services and products.
Walgreens has been challenged by Walgreens. Target, Kroger Walmart, Walmart, Target, and Publix all offer lower-cost prescriptions to treat common health issues.
.11 Biggest Walgreens Competitors In 2022 (Your Full Guide)