The German Toyota driver crashed heavily against the pit wall when he suffered a suspected problem with his right rear suspension on lap 37 of the race.
Glock escaped injury in the crash, but he was taken to hospital for a check-up and will stay there overnight.
"Timo is fine, thankfully, and that is the most important thing," said team principal Tadashi Yamashina.
"Obviously it was a heavy impact and he did not get out of the car immediately, so he was taken to the circuit medical centre, as is the normal procedure in these incidents.
"There was no sign of any injury but he was taken from there to a hospital for further precautionary checks, including X-rays. He has now completed these tests and they have confirmed he is fine. He has no concussion."
Yamashina said he was optimistic Glock will be ready to race in Hungary in two weeks' time.
"We are extremely confident Timo will be fit for the Hungarian Grand Prix. Naturally he is a bit shaken by the accident but all the checks have shown he is fine so we are not worried about that."
He added: "At this stage we are still analysing what the cause of the accident was because the car was heavily damaged in the impact. We will have to study the telemetry and look at video evidence."
Yamashina also revealed the team had checked Jarno Trulli's car during the race in order to make sure there was no repeat of the accident.
"As the safety car was out, and we switched our strategy to bring Jarno into the pits as soon as the pit lane was opened, we had the opportunity to do a visual examination of Jarno's car before racing resumed.
"This inspection at the pitstop, as well as all our telemetry, gave no grounds for concern so he continued to race."
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