“…High penetration depth along with the non-invasive nature of diffuse optical methods has found various applications in in vivo diagnostics: tissue characterization [10], hemodynamics monitoring [11,12,13], brain oximetry [11,14], and optical mammography [15,16,17,18] are few examples where the application of the technique has been explored deeply. Prior attempts to characterize bone tissue by diffuse optical techniques lack either the broadband nature [19,20] or number of subjects [21]. In reference to the problem of osteoporosis, preliminary in vivo results obtained by Pifferi et al, using a time resolved diffuse optical spectrometer [22] on calcaneus bone [21] of five volunteers suggested an interesting correlation of age with various tissue constituents (lipid, collagen, hemoglobin) and the scattering coefficient.…”