The 34-year-old Drysdale, who won the single sculls gold at London, rode his bike into a truck in the lead up to the championships in Chungju and aggravated the injury on Wednesday in his failed bid to make the event's semi-finals.
Although having hoped to row in the non-medals B-final, Drysdale said he was unable to back up for another race.
"I'm extremely disappointed that my world champs has finished this way, but I'm looking forward to being back on the podium in 2014," he said in a statement.
(Reporting by Greg Stutchbury; Editing by Ian Ransom)
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