Alex Peroni has been discharged from hospital in Italy following his airborne crash in last Saturday's Formula 3 race at Monza ahead of his return to Australia to continue his recovery.

Campos Racing driver Peroni had his car thrown into the air after hitting a sausage kerb at high-speed on the exit of Parabolica, causing it to flip a number of times before coming to rest on top of the barrier on the outside of the corner.

Peroni walked away from the accident before being taken to hospital, where he was found to have suffered a broken vertebra and concussion.

The Australian was discharged from the San Gerardo hospital on Thursday after it was found his vertebra would not require surgery.

Peroni is required to wear a back brace and be on total rest for the next 30 days, meaning he will miss the FIA F3 championship finale in Sochi later this month.

“In the accident, Alex suffered concussion as well as a back injury when his car landed heavily after being launched high into the air by a trackside kerb," said Peroni’s manager, David Quinn.

"While Alex is in good spirits and keen to resume racing as soon as possible, the first priority is his full recovery which will necessarily take time. Therefore everyone, including Alex, needs to be patient.”

Peroni is unlikely to be fit for the Macau Grand Prix in November, but is targeting a return to the FIA F3 championship in 2020.