With a global footprint, Labcorp recently expanded its presence in New Jersey by adding 110,000 square feet at its regional facility in Somerset County.

Beyond advanced laboratory space, the now-larger Raritan campus located at 69 First Ave. also added a new, state-of-the-art warehouse and logistics hub.

The expansion will significantly expand Labcorp‘s capabilities for patients, health care providers and communities in the Northeast. According to the global laboratory services provider, the site employs more than 1,300 lab professionals and processes specimens from over 110,000 patients each day.

“The Raritan expansion allows Labcorp to further technology advancements and menu access, testing capacity, and result turnaround time to help further enable the delivery of high-quality, convenient health care, and to best serve our communities across the Northeastern United States,” Bill Haas, senior vice president of Labcorp’s Northeast Division, told NJBIZ in a statement.

Estimates put the clinical laboratory test market at more than $114 billion in 2023, according to Grand View Research. Looking ahead, projections anticipate a compound annual growth rate of 9.2% from 2024 to 2030. The report cited an aging population, targeted disease treatment and innovations in the space as driving demand.

“The clinical laboratory tests market is in a high-growth stage, and the industry trends suggest that the pace of this growth is accelerating,” the report said.

Local love

A member of the Raritan community since 1971, Labcorp began work on the Somerset County expansion in 2017.

“As a major employer in the state, Lapcorp has a vested interest in enhancing health care in communities across New Jersey,” Haas told NJBIZ.

“Labcorp’s expansion is a huge win for our local business community,” said Chris Edwards, president of the Somerset County Business Partnership. “Not only does Labcorp employ over 1,000 people, but those people support all of our small businesses through their daily presence in Raritan.”

Edwards described Labcorp as an “outstanding partner” in the region, citing collaborations with Raritan Valley Community College and RideWise. In 2019, the organization took home SCBP’s Business of the Year Awards for its local work.

“Labcorp is a model for how a major corporation can expand its footprint all over the United States but continue to be a steward of the local economy,” Edwards added.

And in Raritan, the move sets up Labcorp for future growth.

Why Somerset?

The county recently rolled out a recruitment tool to help employers highlight all the area offers potential hires, transfer and others. See why Labcorp and others are choosing Somerset County.

“The innovative advancements throughout our Raritan facility strengthen our ability to provide faster, more reliable testing while driving new insights that support our mission to improve health and improve lives,” said Mark Schroeder, executive vice president and president of diagnostics, and chief operations officer for Labcorp.

“By investing in advanced technology and infrastructure, we’re positioning Labcorp to scale operations to best serve the company’s growing demand and enhancing patient care by supporting health care providers with the reliable diagnostics they need to make informed health care decisions,” Schroeder continued.

Labcorp operates a network of nearly 170 patient service centers across New Jersey. Its services include routine lab work, pediatric collections, COVID-19 testing as well as 40 unique, on-demand health tests.

Like New Jersey-based diagnostics provider Quest Diagnostics, Labcorp collaborates with health systems and federally qualified health centers. Last month, Inspira Health enlisted the company for its lab services.