The theory of transmission fluctuation spectrometry (TFS) was developed for particle size analysis in flowing particle suspensions, whereby the statistical transmission fluctuations are used to extract the particle size distribution (PSD) and particle concentration. In the previous parts of this publication high concentration effects on TFS were investigated theoretically and by simulation. This work presents a study on TFS measurements in concentrated suspensions. By introducing an empirical correction to include the high concentration effects front both the monolayer structure and particle overlapping in the inversion algorithm, it is possible to obtain the particle size distribution and particle concentration over broad ranges of particle sizes and concentrations.