The 30-year-old is sidelined with a hamstring tear sustained on England duty in the midweek defeat against France.
But Hodgson is hopeful the rest of the team will pull together to negate the key midfielder's absence, starting on Saturday evening at home to Barclays Premier League bottom side West Ham.
"We've got people at the back who can chip in with goals so I'm not that concerned in that respect.
"But we haven't scored enough goals and not made enough of our possession in the final third.
"Let's hope that will improve and if it does then maybe we will take a little bit of heat off Steven Gerrard and in some way disguise his absence."