[Ranking] TOP 25 Pharmacies / Retail Companies Q3/2023
Intro
Pharmacies are a critical part of the retail industry, providing essential healthcare products and services to millions of people around the world. With an ever-growing demand for prescription medications and over-the-counter drugs, pharmacies play a crucial role in maintaining the health and well-being of individuals and communities.
The influence of pharmacies extends far beyond just the healthcare sector. These companies have a ripple effect on diverse sectors such as pharmaceutical manufacturing, healthcare technology, and insurance. They create a symbiotic relationship with other industries, driving innovation, and contributing to the overall growth of the economy.
The economic magnitude of the pharmacy industry is substantial and continues to grow. The global pharmaceutical market is projected to reach $1.5 trillion by 2025, driven by factors such as an aging population, increasing chronic diseases, and advancements in medical research. This upward trajectory presents immense opportunities for companies operating in the pharmacy sub-industry.
Recent trends in the pharmacy industry are shaping the way these companies operate. The rise of e-commerce and online pharmacies has disrupted the traditional brick-and-mortar model, leading to increased convenience for consumers. Additionally, the COVID-19 pandemic has highlighted the importance of pharmacies in providing essential medications and vaccines, while also presenting challenges in terms of supply chain disruptions and increased demand.
The pharmacy industry is constantly evolving, with new regulations, technologies, and market dynamics shaping its landscape. The exploration of the top companies in this sub-industry provides valuable insights into the competitive nature of the market, the strategies employed by industry leaders, and the innovations driving the future of healthcare.
Ranking
#25 Health Mart Systems, Inc.
Employees: 2.5K
Revenue: 1.2B$
Website: https://www.healthmart.com
Description: Health Mart Systems, Inc., based in San Francisco, United States, is a leading player in the pharmacy industry. Established in 1984, the company has grown to become a trusted name in the retail sector, specifically focusing on pharmacies. With a workforce of approximately 2,500 employees, Health Mart Systems operates with the mission to provide high-quality healthcare services to communities across North America. The company's revenue stands at an impressive 1.2 billion US dollars, reflecting its significant presence and success in the industry. Health Mart Systems prides itself on its commitment to delivering personalized care and fostering strong relationships with both patients and healthcare professionals. Through its comprehensive range of pharmacy services, Health Mart Systems continues to make a positive impact on the retail pharmacy landscape.
#24 Raley's
Employees: 10K
Revenue: 2.5B$
Website: https://www.raleys.com
Description: Raley's is a prominent player in the Pharmacies industry, operating primarily in North America. With its headquarters located in West Sacramento, United States, the company has been serving customers since its founding in 1935. Raley's employs approximately 10,000 individuals, contributing to its success in generating an estimated revenue of 2.5 billion dollars. With a focus on retail, Raley's offers a range of products and services in the Pharmacy sector, providing customers with access to essential medications and healthcare products. Through its website and physical locations, Raley's is dedicated to meeting the needs of its customers and maintaining a strong presence in the retail industry.
#23 OptumRx, Inc.
Employees: 22K
Revenue: 10B$
Website: https://www.optumrx.com
Description: OptumRx, Inc. is a leading pharmacy benefits management company operating in the Retail industry. Headquartered in Irvine, United States, OptumRx provides a wide range of pharmacy services and solutions to individuals, employers, and health plans. The company was founded in 1996 and has grown to employ approximately 22,000 employees. With annual revenue of around 10 billion dollars, OptumRx plays a significant role in the pharmacy industry, offering prescription fulfillment, medication adherence programs, clinical support, and specialty pharmacy services. Through its comprehensive network of retail pharmacies and mail-order delivery, OptumRx aims to enhance access to affordable and high-quality medications for its customers.
#22 Tenet Healthcare Corporation
Employees: 110K
Revenue: 18.4B$
Website: https://www.tenethealth.com
Description: Headquartered in Dallas, Texas, Tenet Healthcare Corporation is a leading healthcare services company operating in the Retail industry, specifically in the Pharmacies sector. With a workforce of approximately 110,000 employees, Tenet is committed to providing exceptional healthcare services to patients across North America. The company was founded in 1967 and has since grown to become a major player in the industry. Tenet Healthcare Corporation generates an impressive revenue of 18.4 billion dollars, further solidifying its position as a key player in the Pharmacies sector. Through its network of pharmacies, Tenet aims to deliver high-quality pharmaceutical products and services to meet the healthcare needs of communities it serves.
#21 Rite Aid Corporation
Employees: 51K
Revenue: 25B$
Website: https://www.riteaid.com
Description: Rite Aid Corporation, headquartered in Camp Hill, United States, is a leading player in the Pharmacies industry. Founded in 1962, the company operates a chain of retail pharmacies across North America. With approximately 51,000 employees, Rite Aid caters to the healthcare needs of millions of customers. The company's website, https://www.riteaid.com, provides a convenient platform for customers to access information, purchase medications, and avail of various health services. Rite Aid has established itself as a trusted name in the industry, offering a wide range of prescription drugs, over-the-counter medications, personal care products, and wellness services. With an annual revenue of 25 billion dollars, Rite Aid continues to expand its footprint and deliver quality healthcare solutions to communities throughout North America.
#20 H-E-B
Employees: 120K
Revenue: 28B$
Website: https://www.heb.com
Description: H-E-B, headquartered in San Antonio, United States, is a leading player in the Pharmacies industry within the Retail sector. With a history dating back to 1905, H-E-B has established itself as a trusted brand in the market. The company operates a chain of pharmacies that provide essential healthcare services and products to customers across North America. With a workforce of approximately 120,000 employees, H-E-B continues to expand its presence and cater to the growing needs of the community. With annual revenues of 28 billion dollars, H-E-B's pharmacies contribute significantly to the company's overall success in the retail industry.
#19 Publix Super Markets, Inc.
Employees: 200K
Revenue: 38B$
Website: https://www.publix.com
Description: Publix Super Markets, Inc. is a leading retail company in the Pharmacies industry. With its headquarters in Lakeland, United States, Publix operates a chain of supermarkets that includes in-store pharmacies. The company was founded in 1930 and has grown to become one of the largest employee-owned grocery chains in the United States. Publix employs approximately 200,000 people and generates an estimated annual revenue of 38 billion US dollars. With a strong focus on customer service and quality products, Publix is known for its commitment to providing a pleasant shopping experience for its customers, which includes offering a wide range of pharmacy services within its stores.
#18 Cigna Corporation
Employees: 50K
Revenue: 41B$
Website: https://www.cigna.com
Description: Cigna Corporation is a leading company in the Retail industry, specifically in the Pharmacies sector. Headquartered in Bloomfield, United States, Cigna was founded in 1982. With a workforce of approximately 50,000 employees, the company operates in the retail pharmacy sector, offering a wide range of products and services to its customers. Cigna has achieved remarkable success in the industry, generating an annual revenue of 41 billion US dollars. Through its website, https://www.cigna.com, the company provides easy access to information and services for its customers, ensuring a seamless experience in the retail pharmacy sector.
#17 Ahold Delhaize USA, Inc.
Employees: 375K
Revenue: 44.8B$
Website: https://www.aholddelhaize.com/
Description: Ahold Delhaize USA, Inc. is a prominent player in the Pharmacies industry, operating in the retail sector. Headquartered in Quincy, United States, the company has established a strong presence in North America. With a workforce of approximately 375,000 employees, Ahold Delhaize USA, Inc. has been delivering quality products and services since its founding in 2016. The company has achieved significant revenue growth, generating around 44.8 billion dollars in annual revenue. Ahold Delhaize USA, Inc. focuses on providing a wide range of pharmacy offerings, catering to the diverse needs of customers in the retail industry.
#16 HCA Healthcare, Inc.
Employees: 280K
Revenue: 51B$
Website: https://hcahealthcare.com
Description: HCA Healthcare, Inc. is a leading healthcare provider operating in the Pharmacies industry. Headquartered in Nashville, United States, the company has a strong presence in North America. Founded in 1968, HCA Healthcare has grown to become one of the largest healthcare providers in the world. With a workforce of approximately 280,000 employees, the company is committed to delivering high-quality healthcare services to patients. HCA Healthcare generates impressive annual revenue of 51 billion dollars, showcasing its significant market presence and financial stability. Through its network of pharmacies, the company plays a vital role in providing essential medications and healthcare products to patients, ensuring their well-being and access to necessary treatments.
#15 Albertsons Companies, Inc.
Employees: 300K
Revenue: 62B$
Website: https://www.albertsons.com
Description: Albertsons Companies, Inc. is a leading player in the Pharmacies industry in North America. Headquartered in Boise, United States, the company was founded in 1939. With a workforce of approximately 300,000 employees, Albertsons operates a vast network of pharmacies across the region. The company offers a wide range of pharmaceutical products, prescription medications, and over-the-counter drugs to meet the healthcare needs of its customers. Albertsons is committed to providing convenient and reliable pharmacy services, ensuring the well-being of its customers. With an annual revenue of 62 billion dollars, Albertsons continues to be a major player in the retail pharmacy sector, delivering quality healthcare solutions to communities across North America.
#14 Aetna Inc.
Employees: 50K
Revenue: 70B$
Website: https://www.aetna.com
Description: Aetna Inc., headquartered in Hartford, United States, is a leading company in the Pharmacies industry. Founded in 1853, Aetna operates in the retail sector and is known for its extensive range of pharmacy services. With a workforce of approximately 50,000 employees, the company is dedicated to providing quality healthcare solutions to its customers. Aetna's annual revenue stands at around 70 billion dollars, making it a major player in the industry. Through its website, https://www.aetna.com, Aetna offers a convenient platform for customers to access and manage their healthcare needs, ensuring a seamless experience in the pharmacy sector.
#13 Humana Inc.
Employees: 46K
Revenue: 77B$
Website: https://www.humana.com
Description: Humana Inc. is a leading healthcare company operating in the Pharmacies industry. Headquartered in Louisville, United States, Humana is focused on providing a wide range of healthcare services and products. With a history dating back to 1961, Humana has established itself as a trusted name in the industry. The company operates a vast network of pharmacies, offering prescription drugs and over-the-counter medications to customers. In addition to pharmacy services, Humana also provides health insurance, wellness programs, and healthcare management solutions. With a workforce of approximately 46,000 employees, Humana is dedicated to improving the health and well-being of its customers by delivering high-quality pharmaceutical products and personalized healthcare services. In 2020, Humana reported a revenue of 77 billion dollars, further solidifying its position as a key player in the Pharmacies industry.
#12 Express Scripts Holding Company
Employees: 26K
Revenue: 100B$
Website: https://www.express-scripts.com
Description: Express Scripts Holding Company, headquartered in St. Louis, United States, is a leading player in the Pharmacies industry. Founded in 1986, the company has grown to become a major provider of pharmacy benefits management services. With a workforce of approximately 26,000 employees, Express Scripts operates with the objective of making prescription medications more accessible and affordable for millions of people. The company's revenue stands at an impressive 100 billion dollars, a testament to its strong market presence. Express Scripts leverages its extensive network of pharmacies and partnerships to provide innovative solutions that improve healthcare outcomes and reduce costs for patients, payers, and healthcare providers alike.
#11 Anthem, Inc.
Employees: 80K
Revenue: 105B$
Website: https://www.anthem.com/
Description: Anthem, Inc. is a leading health insurance company headquartered in Indianapolis, United States. With a history dating back to 1944, Anthem operates in the Pharmacies industry, providing health insurance coverage to individuals, families, and employers. The company offers a range of healthcare products and services, including pharmacy benefit management, dental, vision, and behavioral health benefits. With a workforce of approximately 80,000 employees, Anthem serves millions of customers across the United States. The company's revenue is reported to be around 105 billion dollars.
#10 Centene Corporation
Employees: 70K
Revenue: 111B$
Website: https://www.centene.com
Description: Centene Corporation is a leading healthcare company operating in the retail industry, specifically in pharmacies. Headquartered in St. Louis, United States, Centene focuses on providing healthcare solutions to individuals and families through its network of pharmacies. The company was founded in 1984 and has since grown to employ approximately 70,000 people. With a revenue of 111 billion dollars, Centene Corporation plays a significant role in the retail pharmacy sector, offering a wide range of prescription medications, over-the-counter drugs, and other pharmaceutical products. Centene's commitment to delivering quality healthcare services has made it a trusted name in the industry.
#9 Kroger Co.
Employees: 500K
Revenue: 122B$
Website: https://www.kroger.com
Description: Kroger Co., headquartered in Cincinnati, Ohio, United States, is a leading company in the retail industry, specifically in Pharmacies. Founded in 1883, Kroger operates a vast network of pharmacies across its numerous supermarket and multi-department store formats. With approximately 500,000 employees, the company offers a wide range of pharmacy services, including prescription medications, over-the-counter drugs, health and wellness products, and pharmacy consultations. Kroger's pharmacies are an integral part of its retail operations, providing convenient access to healthcare services for customers. The company's dedication to customer satisfaction and its commitment to providing quality healthcare products and services have contributed to its annual revenue of 122 billion dollars.
#8 Walgreens Boots Alliance, Inc.
Employees: 400K
Revenue: 139B$
Website: https://www.walgreensbootsalliance.com/
Description: Walgreens Boots Alliance, Inc. is a leading retail pharmacy company operating in the Pharmacies industry. Headquartered in Deerfield, United States, the company has a rich history dating back to its founding in 1901. With approximately 400,000 employees, Walgreens Boots Alliance serves customers through its extensive network of pharmacies across North America and Europe. The company offers a wide range of health and wellness products, prescription medications, and healthcare services, catering to the diverse needs of its customers. With a revenue of 139 billion dollars, Walgreens Boots Alliance has established itself as a key player in the retail pharmacy sector, prioritizing customer convenience, accessibility, and quality healthcare services.
#7 Cardinal Health, Inc.
Employees: 50K
Revenue: 152B$
Website: https://www.cardinalhealth.com
Description: Cardinal Health, Inc. is a leading company in the Pharmacies industry. Headquartered in Dublin, United States, the company was founded in 1971. With around 50,000 employees, Cardinal Health operates in the retail sector, specifically focusing on pharmacies. The company plays a vital role in the pharmaceutical supply chain, providing essential products and services to pharmacies, hospitals, and other healthcare providers. Cardinal Health offers a wide range of solutions, including pharmaceutical distribution, medication management, and patient care coordination. As a trusted partner to pharmacies, the company strives to improve the efficiency and quality of healthcare delivery while ensuring the availability of essential medications and medical supplies. Cardinal Health has achieved significant success in the industry, generating a revenue of approximately 152 billion US dollars.
#6 Costco Wholesale Corporation
Employees: 245K
Revenue: 166B$
Website: https://www.costco.com
Description: Costco Wholesale Corporation is a leading player in the Pharmacies industry. Headquartered in Issaquah, United States, Costco operates numerous pharmacies across North America. Since its founding in 1983, the company has grown to become one of the largest retail pharmacy chains in the region. With a workforce of approximately 245,000 employees, Costco serves millions of customers with its wide range of pharmaceutical products and services. The company has achieved significant revenue, reaching approximately 166 billion dollars annually. Costco's commitment to providing quality healthcare products and exceptional customer service has made it a trusted name in the retail pharmacy industry.
#5 AmerisourceBergen Corporation
Employees: 22.5K
Revenue: 194.6B$
Website: https://www.amerisourcebergen.com
Description: AmerisourceBergen Corporation, headquartered in Chesterbrook, United States, is a leading player in the Pharmacies industry. The company was founded in 2001 and currently employs approximately 22.5 thousand employees. With a revenue of 194.6 billion USD, AmerisourceBergen operates as a pharmaceutical sourcing and distribution company, serving healthcare providers and pharmaceutical manufacturers. They offer a range of services including sourcing and distribution of pharmaceutical products, pharmaceutical consulting, and specialty distribution services. AmerisourceBergen plays a crucial role in ensuring the availability of vital medications to pharmacies and healthcare providers, contributing to the efficient functioning of the retail pharmacy industry.
#4 McKesson Corporation
Employees: 80K
Revenue: 231B$
Website: https://www.mckesson.com
Description: McKesson Corporation, headquartered in Irving, United States, is a leading company in the Pharmacies industry. Founded in 1833, McKesson has a rich history in the healthcare sector. With approximately 80,000 employees, the company operates on a global scale, providing a wide range of healthcare services and products to pharmacies. McKesson plays a crucial role in the retail industry, supporting pharmacies in their operations and supply chain management. The company's revenue reached a staggering 231 billion dollars, solidifying its position as a major player in the industry. McKesson continues to innovate and deliver essential solutions to pharmacies, ensuring the availability of medications and healthcare products for millions of people worldwide.
#3 UnitedHealth Group Incorporated
Employees: 320K
Revenue: 257B$
Website: https://www.unitedhealthgroup.com/
Description: UnitedHealth Group Incorporated, headquartered in Minnetonka, United States, is a leading company in the Pharmacies industry. Founded in 1977, the company has grown to become a major player in the healthcare sector. With over 320,000 employees, UnitedHealth Group operates a vast network of pharmacies, providing essential prescription drugs and healthcare services to millions of people. The company's revenue stands at an impressive 257 billion dollars, showcasing its financial strength and market dominance. UnitedHealth Group is committed to improving access to quality healthcare and leveraging technology to enhance patient care in the pharmacy industry.
#2 CVS Health Corporation
Employees: 290K
Revenue: 268B$
Website: https://www.cvshealth.com
Description: CVS Health Corporation, headquartered in Woonsocket, United States, is a leading player in the Pharmacies industry. The company was founded in 1963 and currently employs approximately 290,000 people. With annual revenue of 268 billion dollars, CVS Health operates a vast network of pharmacies across North America, offering a wide range of healthcare services and products. The company's pharmacies serve as convenient locations for customers to fill prescriptions, access over-the-counter medications, and receive healthcare advice from trained professionals. CVS Health is committed to improving healthcare outcomes and providing accessible and affordable healthcare options to its customers.
#1 Wal-Mart Stores, Inc.
Employees: 2.3M
Revenue: 559B$
Website: https://www.walmart.com
Description: Wal-Mart Stores, Inc., headquartered in Bentonville, United States, is a leading player in the Pharmacies industry within the Retail sector. The company was founded in 1962 and currently employs approximately 2.3 million people worldwide. With an annual revenue of 559 billion US dollars, Wal-Mart Stores, Inc. operates a vast network of pharmacies in its retail stores, offering a wide range of prescription medications, over-the-counter drugs, health and wellness products, and related services. The company's pharmacies aim to provide convenient and affordable healthcare solutions to customers, ensuring access to essential medications and healthcare products. Wal-Mart Stores, Inc. continues to expand its presence in the Pharmacies industry, leveraging its extensive retail infrastructure and customer reach to serve the healthcare needs of communities globally.
Summary
The analysis of the top companies in the Pharmacies sub-industry within the Retail sector has revealed some interesting takeaways. The leading companies in this sector include CVS Health, Walgreens Boots Alliance, Rite Aid, and Walmart. These companies have achieved significant accomplishments and have established themselves as dominant players in the pharmacy space.
One unexpected finding is the increasing trend of pharmacies expanding their services beyond traditional retail. CVS Health, for example, has ventured into the healthcare industry with its acquisition of Aetna, a health insurance company. This move allows CVS Health to provide a more integrated healthcare experience for its customers.
CVS Health is one of the premier companies in the Pharmacies sub-industry. It operates one of the largest pharmacy chains in the United States and offers a wide range of healthcare services. Walgreens Boots Alliance is another notable player, with a strong presence both in the US and internationally. Rite Aid is a leading pharmacy chain known for its convenient locations and competitive prices. Walmart, although primarily a retail giant, has also made significant strides in the pharmacy sector.
Despite their differences, these top companies share some common elements that contribute to their prosperity. They all prioritize customer convenience and accessibility by offering online prescription services and expanding their store networks. Additionally, these companies invest heavily in technology to streamline operations and enhance the customer experience.
What sets these eminent companies apart from their rivals is their ability to innovate and adapt to the changing needs of the healthcare industry. CVS Health, for instance, has implemented digital health solutions and telemedicine services to meet the growing demand for virtual healthcare. Walgreens Boots Alliance has established partnerships with healthcare providers to offer a range of specialized services. Rite Aid focuses on personalized customer care, while Walmart leverages its vast retail network to provide affordable prescription medications.