The bone material is a composite material consisted of collagen and mineral crystals. Also it shows transversely isotropic symmetry. So far none has shown that the components of the elasticity tensor satisfy the Voigt and Reuss bounds. To determine the effective elastic constant of bone material, the Voigt and Reuss bounds are employed and we show that the components of the elasticity tensor satisfy the Voigt and Reuss bounds. Mathematically this bounds are satisfied on two conditions only out of four conditions.