11 Biggest Walgreens Competitors In 2022 (Your Full Guide)
Walgreens Boots Alliance is the owner of Walgreens. It’s the 2nd-largest pharmacy chain in America with 8951 locations and a revenue of $139.5 Billion in 2020.
CVS Health is Walgreens’ biggest competitor. CVS remains America’s largest pharmacy chain 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 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.
CVS is also able to offer the same services offered by Walgreens.
Rite Aid is a drug store chain in the United States that competes with Walgreens with 2,427 locations throughout 17 states.
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 further reported that Rite Aid’s 2020 revenue exceeded $21.928 million.
Kroger is America’s largest supermarket chain, based on revenue. The supermarket chain competes directly with Walgreens in general merchandise, pharmacy services, and general merchandise.
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.
Kroger had $132.5 Billion in sales for 2020. That’s lower than Walgreens. Walgreens however offers more product choices in stores.
Walmart, a huge retail company that is in direct competition with Walgreens for pharmacy services as well as other household goods, is Walmart.
Furthermore, Walmart is substantially cheaper than Walgreens when it comes to prescription medications and other general merchandise.
McKesson wholesales pharmaceutical products. This is why it is the fourth-largest US pharmacy chain.
McKesson also provides care management and medical supplies. It is also in the sector of health information technology.
However, the company is a strong competitor to Walgreens. It also boasts over 5,000 locations through Health Mart.
McKesson’s 2020 revenue was $231.051 million, which speaks volumes about the power and importance of McKesson as a drug distributor.
Target is the largest US retail chain and is an opponent to Walgreens, both in general retail and pharmacy services.
It has over 1,926 stores in the United States. Customers can get prescription drugs at a discount and almost all Target stores have an available pharmacy.
Target continues to grow its digital presence, and its 2020 revenue topped $93 Billion.
Express Scripts has been acquired by Cigna by Walgreens in 2018.
Cigna had $160.4billion in revenues in 2020. Express Scripts was the primary reason.
OptumRx is part of UnitedHealth Group. They offer home delivery prescriptions, specialty pharmacie services, and networks that work with retail stores.
OptumRx generated $136.3 billion in revenue in 2020. This proves it is an industry leader for home pharmacy services, where you can take care of your health from the comfort of 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.
With 389 locations across the United States it is a favorite store for many people needing both prescription and grocery services.
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 has a similar wholesale business model to Walgreens. It offers general merchandise, pharmacy services and in-store beauty and health products.
Costco owns 550 stores throughout 48 US states. Costco is available in all areas.
Costco has reported $163.22 trillion in revenue for 2020 and is only getting stronger because more people are finding wholesale retail shops to be the best option to save money.
Publix competes with Walgreens since it offers pharmacy services, general merchandise, and groceries in its stores.
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.
Also, Publix’s revenue for 2020 topped $44.9 billion and has been one of the leading grocery chains for loyal customers and excellent customer service.
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CVS Health has become the main competitor to Walgreens. Walgreens have remained staunch behind CVS Health over many years. That said, CVS maintains its status as the biggest pharmacy in the United States.
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’ competitors include Kroger, Walmart and Target, which offer affordable prescription medication for common ailments.
.11 Biggest Walgreens Competitors In 2022 (Your Full Guide)