The 21-year-old Williams driver was taken to the medical centre after he hit the wall during the second phase of Friday night's session, the impact wrecking his car and scattering debris across the track.
"Franco sustained a significant impact of over 50G, requiring a medical check up," the team said in a statement.
"An impact of this magnitude is obviously significant and severe and he will need to be evaluated again tomorrow before we will know whether he is clear to race. Franco’s health is all that matters and we are glad he is otherwise OK."
The crash was Colapinto's third in two race weekends and second in a row in qualifying.
The Argentine replaced dropped American Logan Sargeant at Williams from the Italian Grand Prix in September, making a strong impression with points in Azerbaijan and Austin.
--Reuters--