Cvs Health Corporation (CVS) |
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Cvs Health's Comment on Competitors and Industry Peers
Pharmacy Services Competition - We believe the primary competitive factors
in the industry include: (i) the ability to negotiate favorable discounts from
drug manufacturers; (ii) the ability to negotiate favorable discounts from,
and access to, retail pharmacy networks; (iii) responsiveness to clients’
needs; (iv) the ability to identify and apply effective cost management programs
utilizing clinical strategies; (v) the ability to develop and utilize preferred
drug lists; (vi) the ability to market PBM products and services; (vii) the
commitment to provide flexible, clinically-oriented services to clients; and
(viii) the quality, scope and costs of products and services offered to clients
and their members. The Pharmacy Services Segment has a significant number of
competitors offering PBM services (e.g., Express Scripts, OptumRx, Catamaran
and Prime Therapeutics) including large, national PBM companies, PBMs owned
by large national health plans and smaller standalone PBMs.
Retail Pharmacy Competition - The retail drugstore business is highly competitive.
We believe that we compete principally on the basis of: (i) store location and
convenience, (ii) customer service and satisfaction, (iii) product selection
and variety and (iv) price. In the markets we serve, we compete with other drugstore
chains, supermarkets, discount retailers, independent pharmacies, membership
clubs, Internet companies, and retail health clinics, as well as other mail
order pharmacies and PBMs.
Overall company Market Share Q3 2022 |
With revenue growth of 9.98 % within Overall company, Cvs Health Corporation improved its market share.
<< More on CVS Market Share.
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*Market share is calculated based on total revenue.
CVS's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP (in millions of $) |
REVENUES (in millions of $) |
INCOME (in millions of $) |
EMPLOYEES |
Cvs Health Corporation |
CVS |
113,326.70 |
315,225.00 |
3,161.00 |
290,000 |
Amerisourcebergen Corp |
ABC |
32,697 |
240,259.69 |
1,844.03 |
22,000 |
Dollar General Corporation |
DG |
52,206 |
36,293.40 |
2,354.29 |
143,000 |
Big Lots Inc |
BIG |
537 |
5,657.24 |
-148.41 |
36,100 |
Optimizerx Corp |
OPRX |
348 |
63.11 |
-10.49 |
23 |
Allscripts Healthcare Solutions Inc |
MDRX |
14 |
837.19 |
60.63 |
8,900 |
SUBTOTAL |
199,129.39 |
598,335.63 |
7,261.06 |
500,023 |
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