The company, controlled by private equity firm Kohlberg Kravis Roberts, made $268.7 billion in revenue for the previous year. That makes CVS one of the largest retailers in the U.S.
I would like to tell you all about the CVS competition and how much they’ve made
To find out more about the competition, read the section below!
CVS Competitors In 2022
CVS was the largest retail pharmacy chain as of 2022, and the company is projected to grow to over 10,000 locations by 2027. In addition, CVS has recently expanded its health services to over 800 locations. As of November 2018, CVS Health’s total market value was around $700 Billion.
You can learn more about the top 11 CVS competitors by checking out this website. You can learn how much money each company is generating as well as which companies are the best CVS competitors.
The company has two divisions:
Walgreens, a retail business with 8,100 stores located in 47 states, the District of Columbia, and Puerto Rico.
CVS Health, a specialty pharmacy services company.
Walgreens has more than 13,100 stores worldwide, with most being in the United States. However, it also operates in more than 11 countries.
Also, the article itself states that the store’s name is Walgreens.
This will have a major impact, with the chain expanding its operations to the UK after it entered the United States market.
Wal-Mart is the big box pharmacy chains, like CVS, and is located in North America and in other parts of the world. Walgreens is a retail pharmacy chain, and is located in the U.S., Canada, and other parts of the world.
2. Rite Aid
Rite Aid is an excellent option for people on a budget who want to save on healthcare.
It was a very hard decision for us to make, but it’s in the best interest to our patients and our company to shut down our California stores.
Pennsylvania has almost double the number of convenience stores than New York.
Rite Aid gets about 15 percent of its revenue from prescriptions. It also sells health care products, which makes it a reliable resource for people who need healthcare.
3. Walmart Pharmacy
Walmart Pharmacy is the home of many of the products including the biggest names like CVS, Walgreen and Rite Aid.
The company has to pay huge amounts of cash for its pharmacy services as it has been losing money for some time now.
Furthermore, Walmart is the only big box store that offers this. I’m not sure if the others have a generic prescription program as well. If they do, they may charge significantly more than $4.
Costco has a lot of pharmacies spread throughout the country, so they’re able to offer their services to different parts of the nation.
The company offers more than 8,000 health and wellness products including vitamins, supplements and homeopathic, herbal, and natural products.
5. Cigna (Express Scripts)
Express Scripts is a mail-in pharmacy that primarily serves Medicare and Medicaid beneficiaries. It also serves millions of patients in commercial plans.
Cigna made $49.9 billion in prescription revenue, almost 9% more than in 2019.
Express Scripts is an awesome place that provides prescription drug for people who cannot afford to fill their prescriptions.
6. UnitedHealth Group (OptumRx)
UnitedHealth Group is a healthcare and pharmaceutical organization that’s a competitor to CVS.
In addition, United Health Group, which gets a lot of patients through its Medicare Advantage plans, also made an estimated $32.2 billion in sales in 2020, which puts it in the top four largest health care companies.
UnitedHealth Group has an OptumRx mail-in and specialty pharmacy to serve customers in all 50 United States.
Kroger is one of the most well-known grocery stores in the United States, and it has more than 2,200 location where a customer can order prescriptions.
The two companies compete with each other, and other retailers in the
same geographic area.
The two companies also compete with their suppliers.
The two companies have some of the same customers.
You can get a low-cost prescription program at the Kroger pharmacy. There are many other pharmacies at the Kroger stores that also offers low-cost prescription medications. Also, the Kroger pharmacy is open on holidays, too. Some locations have clinics inside for healthcare services.
Kroger, pharmacy’s provider, says it was the company’s second-highest year of revenue.
Publix is a supermarket chain located in several states. Usually, it is ranked at number one for its satisfaction for its customer.
The pharmacy benefit on Publix plans covers common medicines. It costs about $7.50 a month for the 90-day supply of common medicines and you get the $100 copay for a visit to the doctor.
It’s hard for me to understand why any pharmacy would want to use the name Publix when they can just call their store Walgreens.
Albertsons is a supermarket chain with a pharmacy inside stores. They are one of the leading competitors to CVS when it comes to the United States.
Albertsons also offers patients free prescription medicines in its stores, to ensure medication can access those without insurance.
Pharmacy owners are a tight knit group, and since many of them are small business owners in the beginning, it takes years for them to become fully established.
When it comes to prescription services, CVS is the market leader in the United States. They are the number one store in the US when it comes to prescription services.
In 2013, H-E-B sold $4.2 billion worth of items to customers and ranked number one in the 13th edition of J.D. Power’s annual study of supermarket pharmacies.
11. Humana Pharmacy Solutions
Humana Pharmacy Solutions has been successful for years and has earned a total of $7.9 billion in prescription revenue in 2020.
In case of an emergency, Humana Pharmacy Solutions always provides in-network emergency care services.
To know more about CVS, you can also see our posts on how to avoid CVS pitfalls, CVS customer service, and if you can afford CVS.
Walgreens, Rite Aid, and a couple other large supermarket chains control most of the drugstore space in the United States.
And the competition between insurance companies and health systems has not stopped there. For example, the UnitedHealth Group and other health insurers are also moving into pharmacies. In the United States, Anthem Inc., which is a rival to CVS, is planning to enter the health insurance business.
In addition, Cigna, which has been a competitor of Humana since it bought out Express Scripts, will compete with CVS for prescription drug services.
CVS is a very large company that dominates the business of drug distribution throughout the United States. CVS is the second largest pharmacy retailer in the country and the largest publicly traded retail drug store company in the US. Their prescription business alone is larger than the combined revenue of the next 12 biggest drug stores. Their market value is over $65B.
- 11 Biggest Walgreens Competitors (your Full Guide)
- How To Transfer Prescription From Walgreens To Cvs? (easy!)
- How Long Will Walgreens Hold A Prescription? [records, Reminders, Times + More]
- How Early Will Walgreens Refill A Prescription? [all You Need To Know]
- 11 Biggest Kroger Competitors (your Full Guide)
- Does Walgreens Accept Goodrx? [all You Need To Know]
- Does Walgreens Fill Pet Prescriptions? [all You Need To Know]
- Walgreens Mission Statement (core Mission & Analysis)
- Walgreens Prescription Return Policy [all You Need To Know]
- How Long Will Cvs Hold A Prescription? (full Guide)