Understanding the top pharmacies in the US is crucial as it sheds light on the preferred locations people trust. These pharmacies significantly offer patients a wide range of products to improve their medical condition or other skincare products, thereby shaping the healthcare landscape.
Did you know each individual in the United States is projected to contribute $1133 in revenue towards the Pharmacies market in 2024? Traditional medication dispensers have transformed to ensure better patient care and safety with advanced tools.
The pharmacy industry in the US is scaling while introducing intelligent data management methods that make their tasks quicker and easier. They will focus on delivering quality healthcare without dealing with complicated datasets or scaling their business by understanding the ideal locations that need a pharmacy.
Now, just take a look at the growth of pharmacists and workers in the US:
In this content piece, we will explore the unique features of the largest pharmacies in the US, offering a deeper understanding of what makes them essential, preferable, and distinct in the healthcare industry.
What Are The Top Pharmacies In The US?
Pharmacy chains are often placed where it is easier to access and commute for patients who seek medications. We will explore the largest pharmacies that have made an impact in the US at various locations:
1. CVS Health Corporation
The company was founded in 1963, and today, it proudly serves more than 100 million people every day toward a healthier future.
It is a popular healthcare and pharmacy retailer in the US. It offers medications, beauty products, cosmetics, health care products, and personal care. The company operates LTC (Long-Term Care) pharmacies to distribute prescription drugs and provide pharmacy consulting services. Some facts and stats about the pharmacy:
- 300,000 Employees
- $292.1 Billion in revenue in 2022
- 1075 (12%) Pharmacies in California
- 10.7 Million sq. ft. Distribution Centers Space
With the aid of location-sensitive information, businesses can strategically position themselves in cities with the highest concentration of pharmacies in the US. This not only facilitates better accessibility for patients but also enables businesses to scale effectively with real-time datasets, a crucial aspect that must be appropriately analyzed.
2. Walgreens Boots Alliance
John Boots opened the first Boots store in 1849 to sell herbal remedies in the UK. This evolved into Walgreens Boots Alliance, a trusted global leader in pharmacy and healthcare, serving millions of patients and customers daily.
It is essential to focus on the locations where the business is flourishing and ensure healthcare services are readily available to the patients with minimal effort. Some essential stats about this pharmacy are:
- 325,000 Employees
- $144.6 Billion in revenue in 2024
- 26,524 Million Gross Profit
- 12,00 Retail Stores
It is currently the largest retail pharmacy for health and daily living items in Europe and the US. Walgreens Boots Alliance’s headquarters is in Deerfield, Illinois, and it has multiple locations to facilitate accessibility.
3. The Cigna Group
From 1792, it dealt with healthcare from 1950-1980, where it focused on our innovations in supplemental health solutions based on dynamic technologies and costs. They have introduced three distinct brands:
- The Cigna Group, the global health parent company
- Cigna Healthcare, the health benefits provider
- Evernoth Health Services, the pharmacy and care
There are thousands of retail pharmacies, including retail chains, grocery stores, wholesale stores, and local pharmacies where people can shop. Location Intelligence can help to reach more customers and evolve with time. And here are some unique facts about this top pharmacy:
- 70,000+ Employees
- $180.5 Billion Revenue
- 2 Million Healthcare providers, clinics, & facilities
- 178+ Million Customer Relationships
This is a global health company that focuses on improving health and vitality with its innovative solutions. With its healthcare providers, clinics, and facilities, it aims to build a better future for every individual and every community.
4. UnitedHealth Group
United Health Foundation was established by UnitedHealth Group in 1999 to improve health and healthcare. They celebrate people, ideas, and experiences to build a diverse environment where everyone is valued. Here are the facts and stats about this group:
- 350,000 Employees
- $287.6 Billion Revenue
- 151k Clinical Professionals
- 149 Million Individuals
- $502.8 Billion Market Capital
One of its subsidiaries, Optum, deals with data and analytics, pharmacy care services, healthcare delivery, population health, and healthcare operations. It has a network of thousands of pharmacies in the US with integrated care models.
5. Rite Aid Corporation
RAD was founded by Alex Grass in 1962 in Pennsylvania as a health and beauty store known as Thrift D Discount Center. It is one of the largest retail drugstore chains that sells prescription drugs, personal care items, food and beverages, cosmetics, counter medications, household items, and other seasonal merchandise. Some important facts about this healthcare are:
- 53,000 Employees
- $24.6 Billion revenue
- $288.9 Million Market Capital
- 88,000 Retail Pharmacies
Looking at the different locations, we understand that its pharmacies are distributed across all states with higher populations, like California, New York, and Texas.
6. Humana Inc.
Fount, in 1961, by Bruce Dale Broussard, is a prominent health company that focuses on providing insurance services to gain Medicare Advantage plans. The Humana Inc. firm operates through retail, healthcare, and other services, including medical and supplement benefits. Here are some unique stats about it:
- 67,000 Employees
- $29.4 Billion revenue
- $36.69 Billion Market Capital
Humana’s pharmacy services include community pharmacies, specialty pharmacies, and mail-order services, which are strategically located to cater to diverse demographics. They leverage location intelligence to scale pharmacies and healthcare delivery, improve operational performance, and improve patient outcomes.
7. Albertsons Pharmacy
This is a part of Albertsons Companies, founded in 1939 by Joe Albertsons in Boise, Idaho. Began as a single grocery store, it expanded with acquisitions and mergers, becoming one of the US’s largest food and drug retailers. The company is continuously emphasizing innovations with digital pharmacy services. Some must-know facts about the firm:
- 285,000 Employees
- 22 Distribution Stores
- 36+ Million Customers Every Week
- 1725 In-store Pharmacies
Albertsons is a popular name in the list of most prominent food and drug retailers in the United States, with a presence in 34 states. They focus on demographic data to strategically place their pharmacies to attract local populations where they notice high foot traffic.
8. Cardinal Health
A multinational healthcare company founded in 1971 by Robert D. Walter. Cardinal Health specializes in pharmaceutical distribution, medical and laboratory product manufacturing and distribution, and other healthcare facilities. Let us look at some astonishing facts and stats about it:
- 48,000 Employees
- $226.8 Billion revenue
- $240 Million Year-on-Year Profits
- 90% Hospitals Served
- 40K Pharmaceuticals Deliveries Per Day
Cardinal Health does not directly manage standalone retail pharmacies, but it is a distributor of a network of pharmacies, hospitals, and healthcare facilities in the US. Its services are distributed across urban, rural, and suburban locations to ensure the products are easily accessible. The company is investing highly in technology to understand customer requirements, manage inventory, and optimize routes for quicker delivery.
9. Kinney Drugs
Kinney Drugs was established in 1903 as a regional pharmacy chain serving New York and Vermont. It adapts to changing market changes by revamping its store formats to handle customer demographics by expanding pharmacy services. A few stats that make this pharmacy service provider unique:
- $379.1 Million Revenue
- 1168 Employees
- 4% Employee Growth per Year
- 95 Pharmacy Locations
They aim at the smaller, which makes them dominant with less competition. The choice of locations aligns with consumer needs for accessibility and pharmacy services. The strategic location choice helps to personalize their approach in areas with innovative tools for further optimization.
10. PharMerica
It was founded in 2007 and became a major player in the US healthcare and pharmacy services market. The company offers multiple services, such as long-term care, home infusion, oncology pharmacy, and hospice pharmacy, under different units. Some stats and facts are:
- $1.9 Billion Revenue
- 180+ Local Pharmacies
- 70,000 Backup Pharmacies
- 50 States Serving Patients
PharMerica strategically positions its services in the markets with higher demand for institutional pharmacy services. It optimizes its services by analyzing healthcare needs and locations and identifying gaps in care provision to ensure strategic growth.
What’s Next For the Pharmacy Market?
Pharmacy in the US is expected to transform and grow digitally in the coming years. Just loot the revenue growth below:
With the rise of telehealth and telepharmacy, people increasingly offer consultations, prescription services, and other care remotely. Regular data extraction and analysis are required to monitor patient care remotely.
With LocationCloud, you can handle complex and costly pharmacy services to deliver personalized care and inventory management. We help businesses build models that help improve patient care at lesser healthcare costs with data-driven strategies.
Location Intelligence helps to improve service delivery, expand strategically, and reduce inefficiencies. You have a tool to monitor the drugs and optimize inventory to the places where they are demanded the most, on time, and at the correct costs.
