11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance controls Walgreens. This is America’s 2nd largest pharmacy chain, with 8951 locations and revenue totaling $139.5 billion for 2020.
CVS Health was the largest competitor to Walgreens, and CVS remained America’s biggest pharmacy chain through 2022. However, Rite Aid, Target, Walmart, and Kroger compete with Walgreens. All three companies offer consumers general merchandise and prescription service. Express Scripts acquired Cigna’s Walgreens in 2018.
CVS, Walgreens’ main rival, is also known as the largest pharmacy chain with 9954 stores across the United States.
Further, CVS offers the same services as Walgreens, including:
Rite Aid has 2 427 locations in 17 US states and competes with Walgreens.
It competes directly with Walgreens for both its pharmacy services (including mail-in pickup and pick up) and also offers photo, health and beauty services.
Rite Aid also reported that 2020 revenues topped $21.928 Billion.
Kroger, the largest supermarket chain in America by revenues, is Kroger. Kroger competes with Walgreens when it comes to 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.
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.
Also, Kroger reported $132.5 billion in revenue for 2020, which is lower than Walgreens’ revenue. Walgreens does offer a wider range of products in their stores, but this is not necessarily a problem.
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, a wholesaler for pharmaceutical products, is America’s fourth largest pharmacy chain.
McKesson offers medical supplies, care management, as well as being in the healthcare information technology sector.
However, the company is a strong competitor to Walgreens. It also boasts over 5,000 locations through 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.
Further, Target’s revenue in 2020 topped $93 billion as it continues to expand its presence and grow its eCommerce division.
Express Scripts has been acquired by Cigna by Walgreens in 2018.
Cigna’s 2020 revenue was $160.4 Billion, mainly due to Express Scripts.
OptumRx is a part of UnitedHealth Group, and it’s a pharmacy care services company that offers home delivery of prescriptions, specialty pharmacy services, and networks with retail stores.
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 grocery chain offers pharmacy services. They compete with Walgreens when it comes to health, retail and pharmacy services.
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.
Costco owns 550 stores throughout 48 US states. Costco is available in all areas.
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 has a lot in common with Walgreens, as it sells general merchandise, pharmacy services, groceries, and other products.
Publix also has more than 1,300 locations throughout the United States in the Southern part of the country. They offer low-cost prescriptions and have a variety of services.
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 has become the main competitor to Walgreens. Walgreens have remained staunch behind CVS Health over many years. CVS remains the United States’ largest pharmacy.
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)