11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance has Walgreens. The second-largest US pharmacy chain is Walgreens with 8951 locations and revenue in 2020 of $139.5billion.
The biggest Walgreens competitor is CVS Health, and CVS has remained the biggest pharmacy chain within America as of 2022. Walgreens also has competition from Rite Aide, Target Walmart, Kroger and Walmart. All these companies provide general merchandise as well prescription services. Express Scripts was acquired by Cigna in 2018, and Walgreens is now competing with it.
CVS is the main competitor to Walgreens, and it’s also the biggest pharmacy chain in the United States, with 9,954 locations throughout the United States.
Further, CVS offers the same services 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.
Walgreens also competes in pharmacies, including pick-up and mail-in, as well has a section for retail and photo services.
Rite Aid stated that its 2020 revenues exceeded $21.928 billion.
Kroger, the largest supermarket chain in America by revenues, is Kroger. It competes against Walgreens for general merchandise and pharmacy services.
Today, approximately 3,000 locations of Kroger are located across the nation. Nearly every site has a pharmacy available to 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.
Also, Kroger reported $132.5 billion in revenue for 2020, which is lower than Walgreens’ revenue. Walgreens, however, offers a lower product selection overall.
Walmart is a massive retail chain that has surpassed Walgreens both in its pharmacy services, and also for household products.
Walgreens also has a lower price on prescription medications, and Walmart offers general merchandise at a fraction of the cost.
McKesson is a wholesaler of pharmaceutical products and is the fourth-largest pharmacy chain in the United States.
McKesson supplies medical equipment, provides care management and operates in the area of health information technologies.
It is still an option to Walgreens. There are more than 5k locations in Health Mart.
McKesson also had a revenue of $231.051 billion for 2020, which is a testament to how strong and important this distributor for drugs is to the pharmaceutical industry.
Target is the largest US retail chain and is an opponent to Walgreens, both in general retail and pharmacy services.
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.
Cigna acquired Express Scripts in 2018 and has become quite the competitor to Walgreens regarding pharmacy services.
Cigna had $160.4billion in revenues in 2020. Express Scripts was the primary reason.
OptumRx forms part of UnitedHealth Group and offers pharmacy care services including home delivery of prescriptions and specialty pharmacy services. It also has a network with retail shops.
In 2020, revenue for OptumRx was $136.3 billion, proving it’s a leader in home pharmacy services where you can manage your healthcare without ever leaving your home.
Albertsons Groceries is a grocery chain which offers pharmacy service and competes against Walgreens in the areas of health products and retail.
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 also posted a revenue of $69 Billion for 2020. This is a good result for an organization with less locations than other grocery and pharmacy stores.
Costco, a wholesale retailer, competes with Walgreens because it sells general merchandise and pharmacy services as well as health and beauty products.
On top of that, Costco operates 550 stores in 48 states, so it’s widely available for people to use regardless of location.
Costco had $163.22 billion of revenue in 2020. This is a strong showing that more consumers are discovering wholesale clubs as the best way for them to save money.
Publix has a lot in common with Walgreens, as it sells general merchandise, pharmacy services, groceries, and other products.
Additionally, Publix has over 1,300 locations in the United States throughout the Southern portion of the country and 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.
Learn more by reading our posts about Walgreens Mission Statement, Walgreens Slogan, Walgreens Statistics, Facts & Trends.
CVS Health is Walgreens’ main competitor. Walgreens has stood by CVS Health for years. CVS remains the United States’ largest pharmacy.
Walgreens sees competition in addition to CVS from Rite Aid. Rite Aid is another American pharmacy retailer that offers nearly 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)