The American has not had the best of seasons so far and will need at least three weeks rest before he can return to a golf course.
Woods has been successful in 14 major championships; however, he has not won one of golf’s four biggest prizes in six years. His last victory was in the 2008 US Open when he beat Rocco Mediate in a 18-hole play-off at Torrey Pines.
Rory MCilroy currently heads the odds to win the Green Jacket next week in the absence of the four-time winner. The Northern Irishman finished in a tie for 15th in 2011 despite leading going into the final round.
Defending champion Adam Scott is also a prominent in the betting for the Augusta National Club event. If successful, the Australia will bridge the gap between himself and Woods in the world rankings where he currently sits second.
Scott beat Angel Cabrera in a play-off 12 months ago where he broke his maiden tag in majors in the process. The 33-year old has been one of the most consistent players in world golf in the majors over the last few seasons with seven top 10 finishes since 2011.
Justin Rose and Luke Donald, along with MCilroy, will be some of the European players who are looking to add their name to roll of honour and become the first player from Europe to win the tournament since Jose Maria Olazabal in 1999. They will also be aiming to follow in the footsteps of Nick Faldo who was the last Brit to be successful in the invitational event 18 years ago.