11 Biggest Cvs Competitors In 2022 (Your Complete List)
CVS Pharmacy is an American pharmacy chain that has over 10,000 locations. CVS Health (owner of CVS pharmacy) made $268.7Billion in revenue in 2020.
Walgreens is Walgreens’ top competitor in the United States for CVS. Rite Aid, Kroger Pharmacy and Walmart are its main competitors 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. However, CVS also sees competition from healthcare group competitors like UnitedHealth Group and Cigna.
Walgreens Boots Alliance is the parent company that owns Walgreens. Walgreens can compete directly with CVS in healthcare, pharmacy, mail-in and specialty services as well as retail products.
Walgreens also has over 13,100 locations worldwide. The majority of these are in the United States. However, it also operates in more than 11 countries.
In 2020, the revenue for Walgreens was $139.5 billion, with $88.6 billion being in prescription revenue, which isn’t quite as good as CVS, but it’s right up there.
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.
There are more than 2400 Rite Aid stores in America. California has the largest number of locations (530).
Pennsylvania, with 514 retail stores, comes second, followed by New York with over 300.
Rite Aid reported a $21.9 billion revenue for 2020. The prescription revenue was approximately $11.6 million. 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 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.
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.
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, an affiliated of UnitedHealth Group is a competitor in pharmacy and healthcare services to CVS.
UnitedHealth Group earned an estimated $32.2 million in prescription revenue in 2020. It ranks among the top four.
UnitedHealth Group provides a postal and specialty pharmacy via OptumRx to all customers in the United States.
Kroger is an American grocery retailer that’s well-known. Kroger has over 2200 locations across the country.
Kroger has a direct competition to CVS.
Additionally, there are clinics in certain locations that offer healthcare services. Kroger’s prescription drug program also provides low-cost prescription medicines.
Kroger pharmacy generated revenue of $15.1 billion through specialty and regular pharmacy services for 2020.
Publix, which is located in multiple states, is the supermarket chain that is most often rated #1 for customer satisfaction.
You can clearly see that Publix is a direct rival to CVS. In 2020, Publix will make more than $4.1B in prescription revenues.
Albertsons, a supermarket chain that also has a pharmacy within its stores is one of the top competitors to CVS USA.
Additionally, Albertsons offers customers low-cost prescription medications throughout its stores, making it an excellent option for lower-income individuals.
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. H-E-B is a supermarket chain with over 300 pharmacies across the country.
H-E-B was ranked #1 in J.D.’s 13th edition with a $1.8 billion prescription revenue. 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 and Rite Aid are the main rivals to CVS. They also have supermarket chains pharmacies like Kroger, Publix or H-E-B.
CVS also has to contend with other health insurance providers like UnitedHealth Group which is affiliated with OptumRx.
Cigna acquired Express Scripts and has been a competitive company. Humana Pharmacy Solutions also competes against CVS in prescription services.
Which are the biggest competitors to Cvs?
CVS Health is competing with Express Scripts. Avella Specialty Pharmacy Walgreens Rite Aid.
What is Cvs competitive advantage?
Defeating Competitors. CVS’s continued expansion means that it is more competitive than other companies, which has led to some stores being closed. For example, rival retailers Rite Aid and Walgreens Boots Alliance have had to close several stores following a loss in profits.
Are Cvs And Walgreens Competitors?
CVS competes with Walgreens and is America’s largest pharmacy chain, having 9,954 stores in the United States.
What Are Walgreens’ Competitors?
Walgreens rivals include J. C. Penney Walmart Rite Aid Rite Aid Sally Beauty and McKesson.
.11 Biggest Cvs Competitors In 2022 (Your Complete List)