CVS Competitors: 11 Biggest CVS Rivals in 2022

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CVS Competitors: 11 Biggest CVS Rivals in 2022
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CVS is a pharmacy chain that operates more than 9,600 retail locations across the United States. It is the largest pharmacy in the country and one of the largest healthcare companies in the world. CVS provides prescription drugs and a wide range of other products and services, including over-the-counter medications, photos, and health information.

Customers can also take advantage of CVS’s extensive network of MinuteClinics, which offer convenient, affordable health care services. In addition to its retail locations, CVS also operates an online store and a mobile app, making it easy for customers to access its products and services no matter where they are.

Thanks to its convenient locations, a wide selection of products, and commitment to providing quality care, CVS has become a trusted source for all of your health needs.

CVS Competitors

The company faces tough competition from Walgreens, Rite Aid, Kroger Pharmacy, and Walmart. CVS has a diversified business model that includes health services in many locations, but it is also facing competition from healthcare group competitors like UnitedHealth Group and Cigna.

The company’s main focus is on providing convenient access to prescription drugs and other health services, but it is also looking to expand its online presence to better compete with its rivals. CVS aims to continue its expansion into new markets and improve its existing store locations to better meet the needs of its customers.

UnitedHealth Group (OptumRx)

UnitedHealth Group’s OptumRx is a top competitor to CVS in healthcare and pharmacy services. Furthermore, UnitedHealth Group made an estimated $32.2 billion in prescription revenue in 2020, ranking it in the top four. Also, UnitedHealth Group offers a mail-in and specialty pharmacy through OptumRx, to serve customers all over the country. All of these factors put UnitedHealth Group in a strong position to continue being a major player in the healthcare and pharmacy landscape.

Kroger

Kroger is a pharmacy giant in the United States, with over 2,200 locations nationwide. It offers a wide range of services, from regular pharmacies to clinics offering healthcare services. Kroger is a direct competitor to CVS, and it offers its customers low-cost prescription medications through its prescription drug program. In 2020, Kroger pharmacy made $15.1 billion in revenue from regular and specialty pharmacy services. Kroger’s vast array of services makes it one of the most popular pharmacies in the country.

Walgreens

As a direct competitor to CVS, Walgreens is a pharmacy chain that offers healthcare, mail-in, specialty pharmacy services, and retail items. Walgreens has more than 13,100 stores worldwide, with most being in the United States. However, it also operates in more than 11 countries. The United Kingdom is the biggest international market for the pharmacy chain with over 2,300 stores! 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.

Costco

Costco is a wholesale club that offers prescription services, and in 2020, Costco made an estimated $2.7 billion from prescription services. Because of this, many people think of Costco primarily as a place to fill prescriptions. However, Costco is much more than that. In addition to prescription drugs, Costco also offers a wide variety of health and wellness products.

These include everything from over-the-counter medications to vitamins and supplements. And with more than 550 warehouse locations in the United States, Costco is one of the most convenient options for people looking for health and wellness products. Whether you’re looking for a specific product or just browsing for deals, Costco is a great option for anyone interested in staying healthy and saving money.

Walmart Pharmacy

With over 11,000 stores in 27 countries, Walmart is one of the largest retailers in the world. And with a pharmacy in almost every store, it’s also one of the biggest providers of prescription drugs. In 2020, Walmart’s pharmacies generated 21.7 billion dollars in revenue.

That’s thanks in part to their Generic Prescription Program, which offers thousands of medications for just four dollars or less. But Walmart doesn’t just offer low prices; they also offer convenience. Their specialty and mail-in prescription services make it easy to get the medication you need, even if you can’t make it to the store.

Rite Aid

Rite Aid is a drugstore chain with over 2,400 locations in America. It’s mostly found on the East Coast, with Pennsylvania and New York having the most stores. Rite Aid offers many of the same products and services as CVS, but it’s usually not as big or as conveniently located. However, Rite Aid typically has lower prices, making it a great option for budget-conscious shoppers. In addition, Rite Aid has a loyalty program called Plenti, which allows customers to earn points that can be used for discounts at participating businesses. Overall, Rite Aid is a solid choice for anyone looking for an affordable place to fill prescriptions or buy toiletries and other household items.

Cigna (Express Scripts)

Cigna is one of the leading mail-in and specialty pharmacies located throughout the United States. In 2020, Cigna made $49.9 billion in prescription revenue, nearly 9% higher than in 2019! Additionally, there are more than 49,000 Express Scripts locations nationwide, making it a highly popular pharmacy for those without insurance.

Cigna offers a variety of services such as home delivery, online refills, and prescription discount cards that can save customers money. For example, the Cigna Home Delivery service allows customers to have their prescriptions delivered directly to their homes free of charge.

The Cigna Prescription Discount Card can save customers up to 80% on brand name and generic medications not covered by their insurance. Finally, the Express Scripts app allows customers to manage their prescriptions and order refills on the go. With so many convenient services, it’s no wonder Cigna is one of the leading pharmacies in the country.

Albertsons

Albertsons is a supermarket chain that offers low-cost prescription medications throughout its stores. It is one of the leading competitors to CVS in the United States. In 2020, Albertsons made an estimated prescription revenue of $5.2 billion, which is a significant amount of money considering it only has about 1,700 pharmacies nationwide. Albertsons is an excellent option for lower-income individuals who need access to affordable prescriptions. The company’s commitment to providing quality and affordable healthcare makes it a trusted provider for many people across the country.

H-E-B

H-E-B is a supermarket chain ranked number one in the 13th edition of J.D. Power’s annual study of supermarket pharmacies. It had a prescription revenue of $1.8 billion in 2020. H-E-B is one of the competitors of CVS when it comes to prescription services. 

The company has over 300 pharmacy locations nationwide, which makes it a convenient option for many people. H-E-B ranked first in the J.D. Power study due to its high satisfaction scores in several key areas, including convenience, price competitiveness, and pharmacist availability. This is a big win for H-E-B, as it demonstrates the company’s commitment to providing customers with excellent service and value.

Humana Pharmacy Solutions

While CVS may be the more well-known pharmacy, Humana Pharmacy Solutions is quickly making a name for itself in the healthcare sector. With $7.9 billion in prescription revenue for 2020, it’s clear that Humana is a force to be reckoned with. In addition to traditional on-site pharmacy services, Humana also offers prescriptions delivered right to your door. This convenient service is perfect for those who have trouble getting to the pharmacy or who simply don’t have the time. Whether you’re looking for a new pharmacy or you’re just curious about what Humana has to offer, be sure to check them out!

Publix

Publix is a supermarket chain located in several states and is often rated as number one for customer satisfaction. According to a recent study, Publix was found to be the most loved grocery store in America. This is likely due to their wide variety of products, low prices, and excellent customer service. 

Additionally, over 90% of Publix supermarkets now have a pharmacy, offering a low-cost prescription drug program where you can get 90-day supplies of common medicines for $7.50! As you can see, it’s a direct competitor to CVS, with Publix making more than $4.1 billion in prescription revenue for 2020. Clearly, Publix is a top choice for those looking for a one-stop shop for all their grocery needs.

Wrap Up!

CVS has a lot of competition, but it is still the clear leader when it comes to revenue from prescriptions. Its main competitors include Walgreens, Rite Aid, and supermarket chain pharmacies such as Kroger, Publix, H-E-B, and Albertsons. CVS also has to compete with health insurance companies like UnitedHealth Group, which is affiliated with OptumRx. Since it bought out Express Scripts, Cigna has been a competitor, and Humana Pharmacy Solutions competes with CVS for prescription services. Even though all of these companies are competing for market share, CVS continues to lead the way in terms of revenue from prescriptions.

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