Walgreen is the second enormous American pharmacy after CVS Health. The purpose of Walgreens is like any other pharmacies where they provide healthcare products, fill prescriptions and give you information regarding the healthcare services. Walgreens was established in Chicago, Illinois in 1901. The headquarters of Walgreens is located at 200 Wilmot Road, Deerfield, Illinois, United States.As you know that every organization has its rivals in the market and to maintain their position in the market, they have to maintain their position by beating their rivals. So in this article you will know about the rivals of Walgreens and the revenue they generated in 2020. We have mentioned 11 rivals of Walgreens.
Who are rivals of Walgreens?
There are various rivals of Walgreens but, amongst them, the biggest rival of Walgreens leading the pharmacy line is CVS Health. Following are the rivals of Walgreens:
- CVS Health – CVS is an enormous drug store chain in the United States. CVS has higher revenue than Walgreen. It has 9,954 locations covering the United States. It is also the biggest rival of Walgreens. The services offered by CVS are similar to the services of Walgreens. It comprehends the following services:
- Stores open 24/7
- Delivery services
- Retail department
- Photo lab services
- Kroger – Kroger is one of the rivals of Walgreens. It has around 3,000 locations nationally and is also one of the enormous pharmacies by revenue. In the year 2020 , Kroger made revenue of $132.5 billion which is less than the revenue of Walgreen. It offers various types of services like discounts by which you can save some money if you are lacking in terms of the insurance.
- Rite Aid – It has around 2,427 locations covering 17 states. According to a 2020 report, Rite Aid made revenue of $21.928, which is less than the revenue of Walgreen. Rite Aid competes with Walgreens in the following services:
- Pick-up services
- Photo services
- Healthcare services
- Mail-in services
- McKesson – It is the fourth enormous chain of pharmacies in the United States. It is the wholesaler of drug store products. McKesson deals with healthcare management and provides medical services. It is very salient for the pharmaceutical industry as it is a powerful drug distributor which generated revenue of $231.051 in 2020.
- Target – The vision of Target is to expand the e-commerce division. It is also one of the biggest pharmacies in the United States. According to a 2020 report, Target made a revenue of $93 billion. It has 1,926 locations covering the United States. Target sells drugs that are affordable and cheap.
- OptumRx – It is a pharmacy that offers healthcare services and prescriptions delivered to the doorstep of the customer. It is also a part of the UnitedHealth Group. OptumRx made a revenue of $136.3 billion in 2020.
- Albertsons – It is not a pharmaceutical company. Albertsons is a grocery store where all the healthcare services are available. Albertsons is a great store where people can buy pharmaceutical products and grocery stuff. It made a revenue of $69 billion in 2020.
- Costco – It is the retailer competing with Walgreens. Costco made a revenue of $163.22 in 2020. The demand for Costco is more because people save more money by going to the retail stores. Costco has 550 stores in around 48 states.
- Publix – It is one of the rivals of Walgreens. It competes through pharmacy service. It has 1,300 locations covering the United States. Publix is known for its excellent customer services. It made a revenue of $44.9 billion in 2020.
- Cigna – It is also one of the rivals of Walgreens. Cigna made revenue of $160.4 in 2020. It comprehends various types of services like home delivery, pharmaceuticals, and more.
- Walmart – It is not a pharmacy but it deals with pharmaceutical services and household products. Walmart made a revenue of $559 billion in 2020 and has 5,000 locations covering the United States. Walmart is cheaper than Walgreens in terms of prescription drugs.
Alternatives
Top U.S. pharmacies ranked in 2020 are as follows:
| Pharmacies | Market share |
| CVS health corporation | 24.8% |
| Walgreens Boots Alliance | 19.1% |
| Cigna | 10.7% |
| OptumRx | 6.9% |
| Walmart stores | 4.7% |
| Kroger | 3.2% |
| Rite Aid | 2.5% |
| Humana Pharmacy Solutions | 1.7% |
| Albertsons | 1.1% |
| Centene | 1% |
| Publix | 0.9% |
| BrightSpring Health Services | 0.6% |
| Costco Wholesale corporation | 0.6% |
| Ahold Delhaize | 0.5% |
| H-E-B | 0.4% |
Conclusion
To sum up, everything that has been stated so far, you came to know that there are various rivals of Walgreens but, the biggest rival of them all is CVS, which has kept its position at the top for several years, and no other pharmacies can beat CVS. After CVS, Rite Aid is the pharmacy that competes with Walgreens and offers high-caliber services.
